CRNC vs XCUR: Correlation
Measured on weekly returns over the past three years, Cerence Inc. (CRNC) and Exicure, Inc. (XCUR) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNC and XCUR?
Over the past 3 years, CRNC and XCUR moved with a correlation of 0.51, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.08 versus 0.51 over 3 years. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 23747.6 %².
Among the 21 assets we track against CRNC, XCUR ranks #5 by 3-year correlation. The last year tells two different stories: CRNC led by 55.5 percentage points, -19.8% for CRNC against -75.3% for XCUR. Risk is not evenly split, since XCUR carries 2.5 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.
CRNC vs XCUR: side by side
| CRNC (Cerence Inc.) | XCUR (Exicure, Inc.) | |
|---|---|---|
| 1-year return | -19.8% | -75.3% |
| 5-year return | -92.5% | -99.3% |
| Volatility (ann.) | 136.3% | 341.3% |
| Beta vs S&P 500 | 2.35 | 0.92 |
| Max drawdown (3Y) | -90.9% | -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 | CRNC | XCUR |
|---|---|---|
| 2022 | -75.8% | -81.0% |
| 2023 | +6.1% | -49.6% |
| 2024 | -60.1% | +371.4% |
| 2025 | +36.2% | -60.4% |
| 2026 | -21.3% | -74.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNC and XCUR good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CRNC and XCUR?
As of 2026-08-27, the correlation of weekly returns between CRNC and XCUR is 0.51 over 3 years, 0.08 over 1 year and 0.48 over 5 years.
Is XCUR a good diversifier for CRNC?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 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/crnc-vs-xcur.json
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[](https://www.pairbook.io/pair/crnc-vs-xcur/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRNC correlations · XCUR correlations
