NXXT vs SPY: Correlation
NextNRG, Inc. (NXXT) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXXT and SPY?
Over the past 3 years, NXXT and SPY moved with a correlation of 0.13, which is weak. Little has changed lately, as the 1-year reading of 0.18 lands near the 3-year figure. Over 5 years the correlation is 0.10, and the annualized covariance of weekly returns is 285.8 %².
Out of 10 assets tracked against NXXT, SPY lands near the bottom at #6. Correlation aside, the last 12 months split them widely, with SPY ahead by 107.2 points (-86.6% versus +20.6%). Risk is not evenly split, since NXXT carries 10.8 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 SPY: side by side
| NXXT (NextNRG, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -86.6% | +20.6% |
| 5-year return | -99.7% | +82.4% |
| Volatility (ann.) | 157.3% | 14.5% |
| Beta vs S&P 500 | 1.37 | 1.00 |
| Max drawdown (3Y) | -97.8% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | NXXT | SPY |
|---|---|---|
| 2022 | -79.6% | -18.2% |
| 2023 | -27.8% | +26.2% |
| 2024 | -23.6% | +24.9% |
| 2025 | -53.2% | +17.7% |
| 2026 | -83.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXXT and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between NXXT and SPY?
The NXXT/SPY correlation stands at 0.13 on a 3-year window (1 year: 0.18, 5 years: 0.10), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for NXXT?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
What does a correlation of 0.13 mean?
A reading of 0.13 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-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nxxt-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NXXT correlations · SPY correlations
