CRVO vs XERS: Correlation
How closely do CervoMed Inc. (CRVO) and Xeris Biopharma Holdings, Inc. (XERS) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVO and XERS?
Across a 3-year window, the weekly returns of CRVO and XERS correlate at 0.32, moderate. The past 12 months show a weaker link (0.04) than the 3-year average (0.32). Stretching to 5 years gives 0.22, with an annualized covariance of 3310.6 %².
Among the 17 assets we track against CRVO, XERS ranks #5 by 3-year correlation. The last year tells two different stories: XERS led by 79.5 percentage points, -71.9% for CRVO against +7.6% for XERS. One caveat on sizing: CRVO is 3.1 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.
CRVO vs XERS: side by side
| CRVO (CervoMed Inc.) | XERS (Xeris Biopharma Holdings, Inc.) | |
|---|---|---|
| 1-year return | -71.9% | +7.6% |
| 5-year return | -94.2% | +212.7% |
| Volatility (ann.) | 178.5% | 58.5% |
| Beta vs S&P 500 | 0.33 | 1.29 |
| Max drawdown (3Y) | -92.7% | -47.2% |
| Market cap | – | $1.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRVO | XERS |
|---|---|---|
| 2022 | -67.4% | -54.6% |
| 2023 | +0.5% | +76.7% |
| 2024 | -69.3% | +44.3% |
| 2025 | +237.6% | +131.6% |
| 2026 | -66.6% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVO and XERS good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRVO and XERS?
The CRVO/XERS correlation stands at 0.32 on a 3-year window (1 year: 0.04, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is XERS a good diversifier for CRVO?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/crvo-vs-xers.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crvo-vs-xers/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRVO correlations · XERS correlations
