NXTT vs SXTC: Correlation
Measured on weekly returns over the past three years, Next Technology Holding Inc. (NXTT) and China SXT Pharmaceuticals, Inc. - Class A (SXTC) carry a correlation of 0.99, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXTT and SXTC?
On 3 years of weekly data the NXTT/SXTC correlation comes out at 0.99, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 1.00 lands near the 3-year figure. The 5-year figure is 0.99, and annualized covariance runs at 53213267.0 %².
Few assets follow NXTT as closely as SXTC, which ranks #2 of 31 tracked partners. Their 12-month results are close: -94.3% for NXTT against -98.4% for SXTC.
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 SXTC: side by side
| NXTT (Next Technology Holding Inc.) | SXTC (China SXT Pharmaceuticals, Inc. - Class A) | |
|---|---|---|
| 1-year return | -94.3% | -98.4% |
| 5-year return | -100.0% | -99.9% |
| Volatility (ann.) | 7704.0% | 6970.7% |
| Beta vs S&P 500 | 8.14 | 6.97 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXTT | SXTC |
|---|---|---|
| 2022 | – | -16.6% |
| 2023 | -93.9% | -70.7% |
| 2024 | -36.6% | -87.2% |
| 2025 | -98.8% | +215.0% |
| 2026 | +14.6% | -98.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXTT and SXTC good diversifiers for each other?
No. With a correlation of 0.99, NXTT and SXTC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between NXTT and SXTC?
As of 2026-08-27, the correlation of weekly returns between NXTT and SXTC is 0.99 over 3 years, 1.00 over 1 year and 0.99 over 5 years.
Is SXTC a good diversifier for NXTT?
No. With a correlation of 0.99, NXTT and SXTC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.99 mean?
On the −1 to +1 scale, 0.99 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/nxtt-vs-sxtc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nxtt-vs-sxtc/)
No key needed, free to use. Full endpoint list in the API documentation.
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Hubs: NXTT correlations · SXTC correlations
