NXDR vs WRBY: Correlation
How closely do Nextdoor Holdings, Inc. (NXDR) and Warby Parker Inc. (WRBY) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXDR and WRBY?
Across a 3-year window, the weekly returns of NXDR and WRBY correlate at 0.45, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.45 over 3 years. Stretching to 5 years gives 0.38, with an annualized covariance of 1507.3 %².
Within NXDR's tracked universe of 15 assets, WRBY comes in at #7 by 3-year correlation. The trailing year gives NXDR the advantage: +10.0% versus -4.7%, a 14.7-point spread.
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 WRBY: side by side
| NXDR (Nextdoor Holdings, Inc.) | WRBY (Warby Parker Inc.) | |
|---|---|---|
| 1-year return | +10.0% | -4.7% |
| 5-year return | -82.2% | -53.6% |
| Volatility (ann.) | 54.0% | 62.2% |
| Beta vs S&P 500 | 1.65 | 1.49 |
| Max drawdown (3Y) | -53.6% | -50.7% |
| Market cap | $0.9B | $3.1B |
| P/E (trailing) | – | 421.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXDR | WRBY |
|---|---|---|
| 2022 | -73.9% | -71.0% |
| 2023 | -8.3% | +4.5% |
| 2024 | +25.4% | +71.7% |
| 2025 | -11.4% | -10.0% |
| 2026 | +10.5% | +16.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXDR and WRBY good diversifiers for each other?
Reasonably. At 0.45, NXDR and WRBY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NXDR and WRBY?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.57 over the last year and 0.38 over 5 years.
Is WRBY a good diversifier for NXDR?
Reasonably. At 0.45, NXDR and WRBY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nxdr-vs-wrby.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxdr-vs-wrby/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NXDR correlations · WRBY correlations
