NXG vs SRV: Correlation
How closely do NXG NextGen Infrastructure Income Fund (NXG) and NXG Cushing Midstream Energy Fund (SRV) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXG and SRV?
Over the past 3 years, NXG and SRV moved with a correlation of 0.57, which is moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 407.3 %².
By 3-year correlation, SRV places #4 of the 10 assets tracked against NXG. On 12-month performance NXG holds a 9.7-point edge, +35.5% against +25.8%.
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.
NXG vs SRV: side by side
| NXG (NXG NextGen Infrastructure Income Fund) | SRV (NXG Cushing Midstream Energy Fund) | |
|---|---|---|
| 1-year return | +35.5% | +25.8% |
| 5-year return | +116.8% | +220.3% |
| Volatility (ann.) | 28.6% | 25.1% |
| Beta vs S&P 500 | 0.60 | 0.46 |
| Max drawdown (3Y) | -26.2% | -26.3% |
| Market cap | $0.4B | $0.3B |
| P/E (trailing) | 2.4 | 3.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXG | SRV |
|---|---|---|
| 2022 | -7.6% | +20.1% |
| 2023 | +4.3% | +16.8% |
| 2024 | +50.6% | +50.7% |
| 2025 | +25.8% | +5.0% |
| 2026 | +20.6% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXG and SRV good diversifiers for each other?
Only partially. A correlation of 0.57 means NXG and SRV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NXG and SRV?
As of 2026-08-27, the correlation of weekly returns between NXG and SRV is 0.57 over 3 years, 0.52 over 1 year and 0.62 over 5 years.
Is SRV a good diversifier for NXG?
Only partially. A correlation of 0.57 means NXG and SRV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nxg-vs-srv.json
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Related comparisons
Hubs: NXG correlations · SRV correlations
