NXXT vs OXSQ: Correlation
Measured on weekly returns over the past three years, NextNRG, Inc. (NXXT) and Oxford Square Capital Corp. - Closed End Fund (OXSQ) carry a correlation of -0.39, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXXT and OXSQ?
On 3 years of weekly data the NXXT/OXSQ correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.52) runs below the 3-year figure (-0.39). The 5-year figure is -0.17, and annualized covariance runs at -1616.5 %².
Among the 10 assets we track against NXXT, OXSQ sits near the bottom by co-movement, at rank #10. The last year tells two different stories: OXSQ led by 65.7 percentage points, -86.6% for NXXT against -20.9% for OXSQ. Risk is not evenly split, since NXXT carries 6.0 times the volatility of the other side.
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.
NXXT vs OXSQ: side by side
| NXXT (NextNRG, Inc.) | OXSQ (Oxford Square Capital Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | -86.6% | -20.9% |
| 5-year return | -99.7% | -29.3% |
| Volatility (ann.) | 157.3% | 26.1% |
| Beta vs S&P 500 | 1.37 | 0.39 |
| Max drawdown (3Y) | -97.8% | -46.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 31.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXXT | OXSQ |
|---|---|---|
| 2022 | -79.6% | -14.4% |
| 2023 | -27.8% | +9.2% |
| 2024 | -23.6% | -1.9% |
| 2025 | -53.2% | -13.3% |
| 2026 | -83.7% | -8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXXT and OXSQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between NXXT and OXSQ?
The NXXT/OXSQ correlation stands at -0.39 on a 3-year window (1 year: -0.52, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is OXSQ a good diversifier for NXXT?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 mean?
A reading of -0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nxxt-vs-oxsq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxxt-vs-oxsq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NXXT correlations · OXSQ correlations
