BKKT vs XCUR: Correlation
How closely do Bakkt, Inc. (BKKT) and Exicure, Inc. (XCUR) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKKT and XCUR?
On 3 years of weekly data the BKKT/XCUR correlation comes out at 0.47, moderate. The link has loosened recently: the 1-year correlation (0.05) runs below the 3-year figure (0.47). The 5-year figure is 0.29, and annualized covariance runs at 27893.4 %².
Among the 11 assets we track against BKKT, XCUR ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BKKT ahead by 73.1 points (-2.2% versus -75.3%). Risk is not evenly split, since XCUR carries 2.0 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.
BKKT vs XCUR: side by side
| BKKT (Bakkt, Inc.) | XCUR (Exicure, Inc.) | |
|---|---|---|
| 1-year return | -2.2% | -75.3% |
| 5-year return | -96.6% | -99.3% |
| Volatility (ann.) | 172.9% | 341.3% |
| Beta vs S&P 500 | 3.19 | 0.92 |
| Max drawdown (3Y) | -89.4% | -96.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKKT | XCUR |
|---|---|---|
| 2022 | -86.0% | -81.0% |
| 2023 | +87.4% | -49.6% |
| 2024 | -55.6% | +371.4% |
| 2025 | -59.5% | -60.4% |
| 2026 | -16.1% | -74.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKKT and XCUR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BKKT and XCUR?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.05 over the last year and 0.29 over 5 years.
Is XCUR a good diversifier for BKKT?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: BKKT correlations · XCUR correlations
