CMND vs ECX: Correlation
How closely do Clearmind Medicine Inc. (CMND) and ECARX Holdings Inc. - Class A (ECX) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMND and ECX?
Over the past 3 years, CMND and ECX moved with a correlation of 0.29, which is weak. The past 12 months show a tighter link (0.52) than the 3-year average (0.29). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 3280.1 %².
ECX is one of the assets that tracks CMND most closely: it ranks #3 out of the 10 assets we track against CMND. Their recent paths diverged sharply: over the last 12 months ECX outperformed by 66.5 percentage points (-99.6% for CMND against -33.1% for ECX).
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.
CMND vs ECX: side by side
| CMND (Clearmind Medicine Inc.) | ECX (ECARX Holdings Inc. - Class A) | |
|---|---|---|
| 1-year return | -99.6% | -33.1% |
| 5-year return | n/a | -88.9% |
| Volatility (ann.) | 122.3% | 93.0% |
| Beta vs S&P 500 | 1.24 | 1.61 |
| Max drawdown (3Y) | -100.0% | -82.6% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMND | ECX |
|---|---|---|
| 2022 | – | -18.1% |
| 2023 | -97.0% | -60.5% |
| 2024 | -50.9% | -33.2% |
| 2025 | -96.7% | -18.5% |
| 2026 | -90.0% | -37.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMND and ECX good diversifiers for each other?
Reasonably. At 0.29, CMND and ECX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CMND and ECX?
As of 2026-08-27, the correlation of weekly returns between CMND and ECX is 0.29 over 3 years, 0.52 over 1 year and 0.22 over 5 years.
Is ECX a good diversifier for CMND?
Reasonably. At 0.29, CMND and ECX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 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/cmnd-vs-ecx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cmnd-vs-ecx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMND correlations · ECX correlations
