NXTS vs RCS: Correlation
How closely do Nexentis Technologies Inc. (NXTS) and PIMCO Strategic Income Fund, Inc. (RCS) trade together? Their weekly returns over three years give a correlation of -0.45, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXTS and RCS?
On 3 years of weekly data the NXTS/RCS correlation comes out at -0.45, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.32) runs above the 3-year figure (-0.45). The 5-year figure is -0.34, and annualized covariance runs at -6807.0 %².
Among the 24 assets we track against NXTS, RCS sits near the bottom by co-movement, at rank #24. Correlation aside, the last 12 months split them widely, with RCS ahead by 75.5 points (-96.3% versus -20.8%). One caveat on sizing: NXTS is 21.0 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 RCS: side by side
| NXTS (Nexentis Technologies Inc.) | RCS (PIMCO Strategic Income Fund, Inc.) | |
|---|---|---|
| 1-year return | -96.3% | -20.8% |
| 5-year return | -100.0% | +5.4% |
| Volatility (ann.) | 565.9% | 27.0% |
| Beta vs S&P 500 | 0.14 | 0.77 |
| Max drawdown (3Y) | -99.9% | -32.9% |
| Market cap | – | $0.2B |
| P/E (trailing) | 0.2 | 6.9 |
| Dividend yield | 0.00% | 9.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXTS | RCS |
|---|---|---|
| 2022 | -81.2% | -19.5% |
| 2023 | -62.2% | +37.6% |
| 2024 | -87.6% | +37.5% |
| 2025 | -80.6% | -21.5% |
| 2026 | -83.8% | +0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXTS and RCS good diversifiers for each other?
Yes. With a correlation of -0.45, NXTS and RCS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NXTS and RCS?
As of 2026-08-27, the correlation of weekly returns between NXTS and RCS is -0.45 over 3 years, 0.32 over 1 year and -0.34 over 5 years.
Is RCS a good diversifier for NXTS?
Yes. With a correlation of -0.45, NXTS and RCS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.45 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nxts-vs-rcs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxts-vs-rcs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NXTS correlations · RCS correlations
