NXPL vs TMUS: Correlation
How closely do NextPlat Corp (NXPL) and T-Mobile US (TMUS) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXPL and TMUS?
Across a 3-year window, the weekly returns of NXPL and TMUS correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. Stretching to 5 years gives -0.06, with an annualized covariance of -373.4 %².
By 3-year correlation, TMUS places #9 of the 15 assets tracked against NXPL. Their recent paths diverged sharply: over the last 12 months NXPL outperformed by 47.5 percentage points (+19.5% for NXPL against -28.0% for TMUS). Risk is not evenly split, since NXPL carries 2.9 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.
NXPL vs TMUS: side by side
| NXPL (NextPlat Corp) | TMUS (T-Mobile US) | |
|---|---|---|
| 1-year return | +19.5% | -28.0% |
| 5-year return | -85.7% | +34.8% |
| Volatility (ann.) | 71.9% | 24.6% |
| Beta vs S&P 500 | 1.10 | 0.36 |
| Max drawdown (3Y) | -84.4% | -37.1% |
| Market cap | – | $190.7B |
| P/E (trailing) | – | 18.8 |
| Dividend yield | 0.00% | 2.27% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | NXPL | TMUS |
|---|---|---|
| 2022 | -61.1% | +20.7% |
| 2023 | +31.0% | +15.0% |
| 2024 | -34.5% | +39.7% |
| 2025 | -50.9% | -6.6% |
| 2026 | +75.8% | -11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXPL and TMUS good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between NXPL and TMUS?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.18 over the last year and -0.06 over 5 years.
Is TMUS a good diversifier for NXPL?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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/nxpl-vs-tmus.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxpl-vs-tmus/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NXPL correlations · TMUS correlations
