CVU vs XCUR: Correlation
Measured on weekly returns over the past three years, CPI Aerostructures, Inc. (CVU) and Exicure, Inc. (XCUR) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVU and XCUR?
Over the past 3 years, CVU and XCUR moved with a correlation of 0.31, which is moderate. Recent behaviour matches the longer record: 0.22 over 1 year against 0.31 over 3. Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 5881.4 %².
Within CVU's tracked universe of 11 assets, XCUR comes in at #4 by 3-year correlation. The last year tells two different stories: CVU led by 195.1 percentage points, +119.8% for CVU against -75.3% for XCUR. Risk is not evenly split, since XCUR carries 6.2 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.
CVU vs XCUR: side by side
| CVU (CPI Aerostructures, Inc.) | XCUR (Exicure, Inc.) | |
|---|---|---|
| 1-year return | +119.8% | -75.3% |
| 5-year return | +71.7% | -99.3% |
| Volatility (ann.) | 55.3% | 341.3% |
| Beta vs S&P 500 | 0.70 | 0.92 |
| Max drawdown (3Y) | -63.8% | -96.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVU | XCUR |
|---|---|---|
| 2022 | +17.2% | -81.0% |
| 2023 | -14.7% | -49.6% |
| 2024 | +48.4% | +371.4% |
| 2025 | -2.2% | -60.4% |
| 2026 | +34.8% | -74.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVU and XCUR good diversifiers for each other?
Reasonably. At 0.31, CVU and XCUR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CVU and XCUR?
As of 2026-08-27, the correlation of weekly returns between CVU and XCUR is 0.31 over 3 years, 0.22 over 1 year and 0.18 over 5 years.
Is XCUR a good diversifier for CVU?
Reasonably. At 0.31, CVU and XCUR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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.
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Related comparisons
Hubs: CVU correlations · XCUR correlations
