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NNI correlations (Nelnet, Inc.)

NNI measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

22.0%

3y weekly

Beta vs S&P 500

0.59

3y weekly

1-year return

-0.2%

price, adjusted

5-year return

+67.8%

price, adjusted

Market cap

$4.6B

latest

P/E ratio

15.3

trailing

Dividend yield

1.01%

trailing

Max drawdown

-18.5%

3y, daily closes

NNI over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with NNI

Asset		Correlation (3Y)
XLF	Financial Select Sector SPDR Fund	0.58
MTD	Mettler Toledo	0.55
DGRO	iShares Core Dividend Growth ETF	0.54
STT	State Street Corporation	0.54
SPYV	SPDR Portfolio S&P 500 Value ETF	0.54

The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from NNI.

Asset		Correlation (3Y)
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.42
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.39
FSEA	First Seacoast Bancorp, Inc.	-0.26

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/nni.json

Correlations, diversifiers, beta and volatility for NNI, plus one endpoint per pair. API documentation.

ETF		NNI weight
IWM	iShares Russell 2000 ETF	0.06%