CLYM vs EXE: Correlation
How closely do Climb Bio, Inc. (CLYM) and Expand Energy (EXE) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLYM and EXE?
Across a 3-year window, the weekly returns of CLYM and EXE correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.22). Stretching to 5 years gives -0.16, with an annualized covariance of -839.6 %².
Among the 12 assets we track against CLYM, EXE sits near the bottom by co-movement, at rank #9. The last year tells two different stories: CLYM led by 553.9 percentage points, +559.1% for CLYM against +5.2% for EXE. Note the risk asymmetry: CLYM runs 4.7 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.
CLYM vs EXE: side by side
| CLYM (Climb Bio, Inc.) | EXE (Expand Energy) | |
|---|---|---|
| 1-year return | +559.1% | +5.2% |
| 5-year return | -46.2% | +125.8% |
| Volatility (ann.) | 132.2% | 28.2% |
| Beta vs S&P 500 | 1.11 | 0.31 |
| Max drawdown (3Y) | -88.9% | -28.4% |
| Market cap | $0.9B | $22.7B |
| P/E (trailing) | – | 8.3 |
| Dividend yield | 0.00% | 3.30% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | CLYM | EXE |
|---|---|---|
| 2022 | -64.9% | +62.3% |
| 2023 | -26.4% | -14.8% |
| 2024 | -33.3% | +33.2% |
| 2025 | +122.2% | +14.4% |
| 2026 | +276.5% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLYM and EXE good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CLYM and EXE?
The CLYM/EXE correlation stands at -0.22 on a 3-year window (1 year: -0.34, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is EXE a good diversifier for CLYM?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clym-vs-exe.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clym-vs-exe/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLYM correlations · EXE correlations
