AISP vs XERS: Correlation
Airship AI Holdings, Inc (AISP) and Xeris Biopharma Holdings, Inc. (XERS) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and XERS?
On 3 years of weekly data the AISP/XERS correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.00 versus -0.25 over 3 years. The 5-year figure is -0.16, and annualized covariance runs at -3347.6 %².
XERS is close to the least connected end of AISP's tracked universe, ranking #25 of 29. The last year tells two different stories: XERS led by 60.6 percentage points, -53.0% for AISP against +7.6% for XERS. Note the risk asymmetry: AISP runs 4.0 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.
AISP vs XERS: side by side
| AISP (Airship AI Holdings, Inc) | XERS (Xeris Biopharma Holdings, Inc.) | |
|---|---|---|
| 1-year return | -53.0% | +7.6% |
| 5-year return | -77.4% | +212.7% |
| Volatility (ann.) | 233.1% | 58.5% |
| Beta vs S&P 500 | 1.24 | 1.29 |
| Max drawdown (3Y) | -87.4% | -47.2% |
| Market cap | $0.1B | $1.6B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AISP | XERS |
|---|---|---|
| 2022 | +3.0% | -54.6% |
| 2023 | -83.1% | +76.7% |
| 2024 | +268.2% | +44.3% |
| 2025 | -53.8% | +131.6% |
| 2026 | -24.6% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and XERS good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AISP and XERS?
As of 2026-08-27, the correlation of weekly returns between AISP and XERS is -0.25 over 3 years, -0.00 over 1 year and -0.16 over 5 years.
Is XERS a good diversifier for AISP?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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/aisp-vs-xers.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aisp-vs-xers/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AISP correlations · XERS correlations
