NXPL vs WRB: Correlation
How closely do NextPlat Corp (NXPL) and W. R. Berkley Corporation (WRB) 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 WRB?
Across a 3-year window, the weekly returns of NXPL and WRB correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Stretching to 5 years gives -0.08, with an annualized covariance of -344.9 %².
Among the 15 assets we track against NXPL, WRB ranks #10 by 3-year correlation. The last year tells two different stories: NXPL led by 21.5 percentage points, +19.5% for NXPL against -2.0% for WRB. Note the risk asymmetry: NXPL runs 3.2 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 WRB: side by side
| NXPL (NextPlat Corp) | WRB (W. R. Berkley Corporation) | |
|---|---|---|
| 1-year return | +19.5% | -2.0% |
| 5-year return | -85.7% | +130.5% |
| Volatility (ann.) | 71.9% | 22.5% |
| Beta vs S&P 500 | 1.10 | 0.19 |
| Max drawdown (3Y) | -84.4% | -17.6% |
| Market cap | – | $25.4B |
| P/E (trailing) | – | 14.1 |
| Dividend yield | 0.00% | 0.54% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | NXPL | WRB |
|---|---|---|
| 2022 | -61.1% | +33.9% |
| 2023 | +31.0% | +0.2% |
| 2024 | -34.5% | +27.2% |
| 2025 | -50.9% | +23.0% |
| 2026 | +75.8% | -1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXPL and WRB good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NXPL and WRB?
As of 2026-08-27, the correlation of weekly returns between NXPL and WRB is -0.21 over 3 years, -0.26 over 1 year and -0.08 over 5 years.
Is WRB a good diversifier for NXPL?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NXPL correlations · WRB correlations
