NXTS vs PCM: Correlation
How closely do Nexentis Technologies Inc. (NXTS) and PCM Fund, Inc. (PCM) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXTS and PCM?
On 3 years of weekly data the NXTS/PCM correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.05 versus -0.33 over 3 years. The 5-year figure is -0.20, and annualized covariance runs at -3538.8 %².
Among the 24 assets we track against NXTS, PCM sits near the bottom by co-movement, at rank #22. Correlation aside, the last 12 months split them widely, with PCM ahead by 93.4 points (-96.3% versus -2.9%). One caveat on sizing: NXTS is 29.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PCM: side by side
| NXTS (Nexentis Technologies Inc.) | PCM (PCM Fund, Inc.) | |
|---|---|---|
| 1-year return | -96.3% | -2.9% |
| 5-year return | -100.0% | -19.9% |
| Volatility (ann.) | 565.9% | 19.0% |
| Beta vs S&P 500 | 0.14 | 0.46 |
| Max drawdown (3Y) | -99.9% | -27.1% |
| Market cap | – | – |
| P/E (trailing) | 0.2 | 9.6 |
| Dividend yield | 0.00% | 14.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXTS | PCM |
|---|---|---|
| 2022 | -81.2% | -19.7% |
| 2023 | -62.2% | +12.4% |
| 2024 | -87.6% | +8.8% |
| 2025 | -80.6% | -10.1% |
| 2026 | -83.8% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXTS and PCM good diversifiers for each other?
Yes. With a correlation of -0.33, NXTS and PCM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NXTS and PCM?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with 0.05 over the last year and -0.20 over 5 years.
Is PCM a good diversifier for NXTS?
Yes. With a correlation of -0.33, NXTS and PCM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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-pcm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxts-vs-pcm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NXTS correlations · PCM correlations
