ARDX vs XPER: Correlation
Ardelyx, Inc. (ARDX) and Xperi Inc. (XPER) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARDX and XPER?
Over the past 3 years, ARDX and XPER moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.39 over 3. Over 5 years the correlation is 0.12, and the annualized covariance of weekly returns is 1196.8 %².
In ARDX's tracked universe of 11 assets, XPER sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months XPER outperformed by 38.0 percentage points (-38.3% for ARDX against -0.3% for XPER). Risk is not evenly split, since ARDX carries 1.6 times the volatility of the other side.
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.
ARDX vs XPER: side by side
| ARDX (Ardelyx, Inc.) | XPER (Xperi Inc.) | |
|---|---|---|
| 1-year return | -38.3% | -0.3% |
| 5-year return | +165.3% | n/a |
| Volatility (ann.) | 70.9% | 43.6% |
| Beta vs S&P 500 | 1.03 | 1.29 |
| Max drawdown (3Y) | -66.3% | -57.6% |
| Market cap | $1.0B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARDX | XPER |
|---|---|---|
| 2022 | +159.1% | – |
| 2023 | +117.5% | +28.0% |
| 2024 | -18.2% | -6.8% |
| 2025 | +15.0% | -42.9% |
| 2026 | -34.5% | +3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARDX and XPER good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARDX and XPER?
The ARDX/XPER correlation stands at 0.39 on a 3-year window (1 year: 0.33, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is XPER a good diversifier for ARDX?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/ardx-vs-xper.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ardx-vs-xper/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARDX correlations · XPER correlations
