CBIO vs EXOD: Correlation
Crescent Biopharma, Inc. (CBIO) and Exodus Movement, Inc. (EXOD) 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 CBIO and EXOD?
Across a 3-year window, the weekly returns of CBIO and EXOD correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.04) than the 3-year average (-0.25). Stretching to 5 years gives -0.12, with an annualized covariance of -5877.0 %².
Out of 16 assets tracked against CBIO, EXOD lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months CBIO outperformed by 90.5 percentage points (+24.6% for CBIO against -65.9% for EXOD). One caveat on sizing: EXOD is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CBIO vs EXOD: side by side
| CBIO (Crescent Biopharma, Inc.) | EXOD (Exodus Movement, Inc.) | |
|---|---|---|
| 1-year return | +24.6% | -65.9% |
| 5-year return | -107.8% | -64.9% |
| Volatility (ann.) | 117.9% | 196.6% |
| Beta vs S&P 500 | 1.30 | 0.78 |
| Max drawdown (3Y) | -97.4% | -94.8% |
| Market cap | $0.7B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBIO | EXOD |
|---|---|---|
| 2022 | -275.3% | -89.5% |
| 2023 | -15.0% | +12.2% |
| 2024 | -89.4% | +1233.9% |
| 2025 | -52.6% | -51.8% |
| 2026 | +49.7% | -37.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBIO and EXOD good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between CBIO and EXOD?
As of 2026-08-27, the correlation of weekly returns between CBIO and EXOD is -0.25 over 3 years, 0.04 over 1 year and -0.12 over 5 years.
Is EXOD a good diversifier for CBIO?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cbio-vs-exod.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cbio-vs-exod/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBIO correlations · EXOD correlations
