NXPL vs SENS: Correlation
How closely do NextPlat Corp (NXPL) and Senseonics Holdings, Inc. (SENS) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXPL and SENS?
Across a 3-year window, the weekly returns of NXPL and SENS correlate at 0.35, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.35 over 3. Stretching to 5 years gives 0.30, with an annualized covariance of 2426.9 %².
SENS is one of the assets that tracks NXPL most closely: it ranks #3 out of the 15 assets we track against NXPL. Correlation aside, the last 12 months split them widely, with NXPL ahead by 18.4 points (+19.5% versus +1.1%).
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.
NXPL vs SENS: side by side
| NXPL (NextPlat Corp) | SENS (Senseonics Holdings, Inc.) | |
|---|---|---|
| 1-year return | +19.5% | +1.1% |
| 5-year return | -85.7% | -87.7% |
| Volatility (ann.) | 71.9% | 97.8% |
| Beta vs S&P 500 | 1.10 | 1.76 |
| Max drawdown (3Y) | -84.4% | -81.5% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXPL | SENS |
|---|---|---|
| 2022 | -61.1% | -61.4% |
| 2023 | +31.0% | -44.7% |
| 2024 | -34.5% | -8.2% |
| 2025 | -50.9% | -47.2% |
| 2026 | +75.8% | +70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXPL and SENS good diversifiers for each other?
Reasonably. At 0.35, NXPL and SENS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NXPL and SENS?
As of 2026-08-27, the correlation of weekly returns between NXPL and SENS is 0.35 over 3 years, 0.36 over 1 year and 0.30 over 5 years.
Is SENS a good diversifier for NXPL?
Reasonably. At 0.35, NXPL and SENS 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/nxpl-vs-sens.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxpl-vs-sens/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NXPL correlations · SENS correlations
