ADPT vs XERS: Correlation
Measured on weekly returns over the past three years, Adaptive Biotechnologies Corporation (ADPT) and Xeris Biopharma Holdings, Inc. (XERS) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADPT and XERS?
On 3 years of weekly data the ADPT/XERS correlation comes out at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 1874.2 %².
By 3-year correlation, XERS places #6 of the 12 assets tracked against ADPT. The last year tells two different stories: ADPT led by 96.3 percentage points, +103.9% for ADPT against +7.6% for XERS.
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.
ADPT vs XERS: side by side
| ADPT (Adaptive Biotechnologies Corporation) | XERS (Xeris Biopharma Holdings, Inc.) | |
|---|---|---|
| 1-year return | +103.9% | +7.6% |
| 5-year return | -26.1% | +212.7% |
| Volatility (ann.) | 69.8% | 58.5% |
| Beta vs S&P 500 | 1.40 | 1.29 |
| Max drawdown (3Y) | -65.8% | -47.2% |
| Market cap | $4.2B | $1.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADPT | XERS |
|---|---|---|
| 2022 | -72.8% | -54.6% |
| 2023 | -35.9% | +76.7% |
| 2024 | +22.3% | +44.3% |
| 2025 | +170.9% | +131.6% |
| 2026 | +62.8% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADPT and XERS good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADPT and XERS?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.46 over the last year and 0.37 over 5 years.
Is XERS a good diversifier for ADPT?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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/adpt-vs-xers.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adpt-vs-xers/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADPT correlations · XERS correlations
