NXTS vs ONCO: Correlation
Nexentis Technologies Inc. (NXTS) and Onconetix, Inc. (ONCO) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXTS and ONCO?
Over the past 3 years, NXTS and ONCO moved with a correlation of 0.48, which is moderate. The past 12 months show a weaker link (-0.03) than the 3-year average (0.48). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 39203.0 %².
By 3-year correlation, ONCO places #9 of the 24 assets tracked against NXTS. Neither side won the trailing year by much: -96.3% against -99.6%. Note the risk asymmetry: NXTS runs 3.9 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.
NXTS vs ONCO: side by side
| NXTS (Nexentis Technologies Inc.) | ONCO (Onconetix, Inc.) | |
|---|---|---|
| 1-year return | -96.3% | -99.6% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 565.9% | 145.0% |
| Beta vs S&P 500 | 0.14 | 1.80 |
| Max drawdown (3Y) | -99.9% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 0.2 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXTS | ONCO |
|---|---|---|
| 2022 | -81.2% | – |
| 2023 | -62.2% | -82.0% |
| 2024 | -87.6% | -92.0% |
| 2025 | -80.6% | -97.1% |
| 2026 | -83.8% | -99.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXTS and ONCO good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NXTS and ONCO?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with -0.03 over the last year and 0.36 over 5 years.
Is ONCO a good diversifier for NXTS?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nxts-vs-onco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxts-vs-onco/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NXTS correlations · ONCO correlations
