ACNB vs EXOD: Correlation
Measured on weekly returns over the past three years, ACNB Corporation (ACNB) and Exodus Movement, Inc. (EXOD) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACNB and EXOD?
On 3 years of weekly data the ACNB/EXOD correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.02) than the 3-year average (-0.29). The 5-year figure is -0.16, and annualized covariance runs at -1887.0 %².
EXOD is close to the least connected end of ACNB's tracked universe, ranking #9 of 11. Correlation aside, the last 12 months split them widely, with ACNB ahead by 111.7 points (+45.8% versus -65.9%). Note the risk asymmetry: EXOD runs 5.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ACNB vs EXOD: side by side
| ACNB (ACNB Corporation) | EXOD (Exodus Movement, Inc.) | |
|---|---|---|
| 1-year return | +45.8% | -65.9% |
| 5-year return | +163.7% | -64.9% |
| Volatility (ann.) | 33.7% | 196.6% |
| Beta vs S&P 500 | 0.81 | 0.78 |
| Max drawdown (3Y) | -34.6% | -94.8% |
| Market cap | $0.7B | $0.3B |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 2.36% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACNB | EXOD |
|---|---|---|
| 2022 | +31.2% | -89.5% |
| 2023 | +16.2% | +12.2% |
| 2024 | -8.0% | +1233.9% |
| 2025 | +25.2% | -51.8% |
| 2026 | +36.8% | -37.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACNB and EXOD good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACNB and EXOD?
The ACNB/EXOD correlation stands at -0.29 on a 3-year window (1 year: -0.02, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is EXOD a good diversifier for ACNB?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 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/acnb-vs-exod.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acnb-vs-exod/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACNB correlations · EXOD correlations
