NXTT vs ONFO: Correlation
Measured on weekly returns over the past three years, Next Technology Holding Inc. (NXTT) and Onfolio Holdings Inc. (ONFO) carry a correlation of 1.00, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXTT and ONFO?
On 3 years of weekly data the NXTT/ONFO correlation comes out at 1.00, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (1.00) sits close to the 3-year figure. The 5-year figure is 1.00, and annualized covariance runs at 31898975.4 %².
ONFO is one of the assets that tracks NXTT most closely: it ranks #1 out of the 31 assets we track against NXTT. The last year tells two different stories: ONFO led by 130.8 percentage points, -94.3% for NXTT against +36.5% for ONFO. One caveat on sizing: NXTT is 1.9 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.
NXTT vs ONFO: side by side
| NXTT (Next Technology Holding Inc.) | ONFO (Onfolio Holdings Inc.) | |
|---|---|---|
| 1-year return | -94.3% | +36.5% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 7704.0% | 4150.5% |
| Beta vs S&P 500 | 8.14 | 6.65 |
| Max drawdown (3Y) | -100.0% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXTT | ONFO |
|---|---|---|
| 2023 | -93.9% | -66.4% |
| 2024 | -36.6% | +162.7% |
| 2025 | -98.8% | -49.3% |
| 2026 | +14.6% | +109.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXTT and ONFO good diversifiers for each other?
No. With a correlation of 1.00, NXTT and ONFO move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between NXTT and ONFO?
Using weekly returns as of 2026-08-27: 1.00 over 3 years, with 1.00 over the last year and 1.00 over 5 years.
Is ONFO a good diversifier for NXTT?
No. With a correlation of 1.00, NXTT and ONFO move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 1.00 mean?
On the −1 to +1 scale, 1.00 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.
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Related comparisons
Hubs: NXTT correlations · ONFO correlations
