NXDR vs OSS: Correlation
Measured on weekly returns over the past three years, Nextdoor Holdings, Inc. (NXDR) and One Stop Systems, Inc. (OSS) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXDR and OSS?
Across a 3-year window, the weekly returns of NXDR and OSS correlate at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 1957.0 %².
Within NXDR's tracked universe of 15 assets, OSS comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OSS outperformed by 70.5 percentage points (+10.0% for NXDR against +80.5% for OSS). One caveat on sizing: OSS is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
NXDR vs OSS: side by side
| NXDR (Nextdoor Holdings, Inc.) | OSS (One Stop Systems, Inc.) | |
|---|---|---|
| 1-year return | +10.0% | +80.5% |
| 5-year return | -82.2% | +103.2% |
| Volatility (ann.) | 54.0% | 82.4% |
| Beta vs S&P 500 | 1.65 | 1.82 |
| Max drawdown (3Y) | -53.6% | -56.0% |
| Market cap | $0.9B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXDR | OSS |
|---|---|---|
| 2022 | -73.9% | -39.2% |
| 2023 | -8.3% | -30.2% |
| 2024 | +25.4% | +59.5% |
| 2025 | -11.4% | +114.3% |
| 2026 | +10.5% | +57.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXDR and OSS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NXDR and OSS?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.53 over the last year and 0.40 over 5 years.
Is OSS a good diversifier for NXDR?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: NXDR correlations · OSS correlations
