NXH vs PTLO: Correlation
Neighborhood Intelligence, Inc. (NXH) and Portillo's Inc. (PTLO) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXH and PTLO?
On 3 years of weekly data the NXH/PTLO correlation comes out at 0.43, moderate. The link has loosened recently: the 1-year correlation (0.32) runs below the 3-year figure (0.43). The 5-year figure is 0.45, and annualized covariance runs at 1893.3 %².
Among the 13 assets we track against NXH, PTLO sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months PTLO outperformed by 20.8 percentage points (-56.8% for NXH against -36.0% for PTLO). Risk is not evenly split, since NXH carries 1.6 times the volatility of the other side.
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.
NXH vs PTLO: side by side
| NXH (Neighborhood Intelligence, Inc.) | PTLO (Portillo's Inc.) | |
|---|---|---|
| 1-year return | -56.8% | -36.0% |
| 5-year return | -94.6% | -84.6% |
| Volatility (ann.) | 84.1% | 52.1% |
| Beta vs S&P 500 | 2.56 | 0.82 |
| Max drawdown (3Y) | -89.8% | -79.5% |
| Market cap | $0.4B | $0.3B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXH | PTLO |
|---|---|---|
| 2022 | -67.2% | -56.5% |
| 2023 | +43.0% | -2.4% |
| 2024 | -82.2% | -41.0% |
| 2025 | +10.8% | -51.7% |
| 2026 | -27.8% | -1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXH and PTLO good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NXH and PTLO?
As of 2026-08-27, the correlation of weekly returns between NXH and PTLO is 0.43 over 3 years, 0.32 over 1 year and 0.45 over 5 years.
Is PTLO a good diversifier for NXH?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/nxh-vs-ptlo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nxh-vs-ptlo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NXH correlations · PTLO correlations
