NXPL vs TWN: Correlation
NextPlat Corp (NXPL) and Taiwan Fund, Inc. (The) (TWN) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXPL and TWN?
Across a 3-year window, the weekly returns of NXPL and TWN correlate at 0.37, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.50 versus 0.37 over 3 years. Stretching to 5 years gives 0.27, with an annualized covariance of 767.0 %².
Few assets follow NXPL as closely as TWN, which ranks #2 of 15 tracked partners. Their recent paths diverged sharply: over the last 12 months TWN outperformed by 108.3 percentage points (+19.5% for NXPL against +127.8% for TWN). Note the risk asymmetry: NXPL runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TWN: side by side
| NXPL (NextPlat Corp) | TWN (Taiwan Fund, Inc. (The)) | |
|---|---|---|
| 1-year return | +19.5% | +127.8% |
| 5-year return | -85.7% | +320.4% |
| Volatility (ann.) | 71.9% | 28.9% |
| Beta vs S&P 500 | 1.10 | 1.26 |
| Max drawdown (3Y) | -84.4% | -30.0% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | 2.6 |
| Dividend yield | 0.00% | 6.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXPL | TWN |
|---|---|---|
| 2022 | -61.1% | -38.5% |
| 2023 | +31.0% | +51.7% |
| 2024 | -34.5% | +32.8% |
| 2025 | -50.9% | +54.1% |
| 2026 | +75.8% | +92.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXPL and TWN good diversifiers for each other?
Reasonably. At 0.37, NXPL and TWN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NXPL and TWN?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.50 over the last year and 0.27 over 5 years.
Is TWN a good diversifier for NXPL?
Reasonably. At 0.37, NXPL and TWN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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.
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Related comparisons
Hubs: NXPL correlations · TWN correlations
