NXDR vs SKYX: Correlation
Nextdoor Holdings, Inc. (NXDR) and SKYX Platforms Corp. (SKYX) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXDR and SKYX?
Across a 3-year window, the weekly returns of NXDR and SKYX correlate at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Stretching to 5 years gives 0.25, with an annualized covariance of 1605.6 %².
Out of 15 assets tracked against NXDR, SKYX lands near the bottom at #12. The trailing year gives NXDR the advantage: +10.0% versus +2.5%, a 7.5-point spread. One caveat on sizing: SKYX is 1.6 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 SKYX: side by side
| NXDR (Nextdoor Holdings, Inc.) | SKYX (SKYX Platforms Corp.) | |
|---|---|---|
| 1-year return | +10.0% | +2.5% |
| 5-year return | -82.2% | -89.7% |
| Volatility (ann.) | 54.0% | 85.8% |
| Beta vs S&P 500 | 1.65 | 1.83 |
| Max drawdown (3Y) | -53.6% | -69.8% |
| Market cap | $0.9B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXDR | SKYX |
|---|---|---|
| 2022 | -73.9% | – |
| 2023 | -8.3% | -36.5% |
| 2024 | +25.4% | -27.5% |
| 2025 | -11.4% | +87.1% |
| 2026 | +10.5% | -43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXDR and SKYX good diversifiers for each other?
Reasonably. At 0.35, NXDR and SKYX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NXDR and SKYX?
The NXDR/SKYX correlation stands at 0.35 on a 3-year window (1 year: 0.32, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is SKYX a good diversifier for NXDR?
Reasonably. At 0.35, NXDR and SKYX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nxdr-vs-skyx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxdr-vs-skyx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NXDR correlations · SKYX correlations
