NYXH vs VERA: Correlation
How closely do Nyxoah SA (NYXH) and Vera Therapeutics, Inc. (VERA) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NYXH and VERA?
Across a 3-year window, the weekly returns of NYXH and VERA correlate at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.18) runs below the 3-year figure (0.46). Stretching to 5 years gives 0.31, with an annualized covariance of 4038.2 %².
Few assets follow NYXH as closely as VERA, which ranks #3 of 10 tracked partners. The last year tells two different stories: VERA led by 131.7 percentage points, -74.6% for NYXH against +57.1% for VERA.
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.
NYXH vs VERA: side by side
| NYXH (Nyxoah SA) | VERA (Vera Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -74.6% | +57.1% |
| 5-year return | -94.7% | +133.8% |
| Volatility (ann.) | 98.9% | 87.9% |
| Beta vs S&P 500 | 1.24 | 1.47 |
| Max drawdown (3Y) | -93.3% | -62.1% |
| Market cap | $0.2B | $2.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NYXH | VERA |
|---|---|---|
| 2022 | -78.3% | -27.6% |
| 2023 | -7.0% | -20.5% |
| 2024 | +72.4% | +175.0% |
| 2025 | -42.5% | +19.7% |
| 2026 | -65.9% | -31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NYXH and VERA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NYXH and VERA?
The NYXH/VERA correlation stands at 0.46 on a 3-year window (1 year: 0.18, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is VERA a good diversifier for NYXH?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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: NYXH correlations · VERA correlations
