NXTC vs VEEE: Correlation
Measured on weekly returns over the past three years, NextCure, Inc. (NXTC) and Twin Vee PowerCats Co. (VEEE) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXTC and VEEE?
Across a 3-year window, the weekly returns of NXTC and VEEE correlate at 0.74, strong. The relationship has been stable: the 1-year correlation (0.82) sits close to the 3-year figure. Stretching to 5 years gives 0.71, with an annualized covariance of 49713.7 %².
VEEE is one of the assets that tracks NXTC most closely: it ranks #1 out of the 18 assets we track against NXTC. The last year tells two different stories: NXTC led by 101.6 percentage points, +15.3% for NXTC against -86.3% for VEEE. Risk is not evenly split, since VEEE carries 2.6 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.
NXTC vs VEEE: side by side
| NXTC (NextCure, Inc.) | VEEE (Twin Vee PowerCats Co.) | |
|---|---|---|
| 1-year return | +15.3% | -86.3% |
| 5-year return | -93.2% | -99.4% |
| Volatility (ann.) | 160.1% | 421.0% |
| Beta vs S&P 500 | 1.18 | -1.03 |
| Max drawdown (3Y) | -94.6% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXTC | VEEE |
|---|---|---|
| 2022 | -76.5% | -54.4% |
| 2023 | -19.1% | -22.4% |
| 2024 | -32.4% | -61.3% |
| 2025 | +53.4% | -68.4% |
| 2026 | -57.5% | -84.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXTC and VEEE good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NXTC and VEEE?
The NXTC/VEEE correlation stands at 0.74 on a 3-year window (1 year: 0.82, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is VEEE a good diversifier for NXTC?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
A reading of 0.74 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: NXTC correlations · VEEE correlations
