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NXT correlations (Nextpower Inc.)

NXT 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.)

62.6%

3y weekly

Beta vs S&P 500

1.42

3y weekly

1-year return

+32.3%

price, adjusted

5-year return

n/a

price, adjusted

Market cap

$13.8B

latest

P/E ratio

22.5

trailing

Max drawdown

-48.6%

3y, daily closes

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

Stocks and ETFs most correlated with NXT

Asset		Correlation (3Y)
TAN	Invesco Solar ETF	0.66
ICLN	iShares Global Clean Energy ETF	0.66
SHLS	Shoals Technologies Group, Inc.	0.60
ARRY	Array Technologies, Inc.	0.59
FSLR	First Solar	0.58

If the goal is offsetting NXT, these tracked assets have historically moved the most on their own terms.

Asset		Correlation (3Y)
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.30
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.25
VRRM	Verra Mobility Corporation	-0.20

Free API · no key required

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

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

ETF		NXT weight
ICLN	iShares Global Clean Energy ETF	6.81%
MDY	SPDR S&P MidCap 400 ETF	0.36%
IEFA	iShares Core MSCI EAFE ETF	0.12%
EFA	iShares MSCI EAFE ETF	0.11%
VEA	Vanguard FTSE Developed Markets ETF	0.1%