CXDO vs CYRX: Correlation
Crexendo, Inc. (CXDO) and CryoPort, Inc. (CYRX) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXDO and CYRX?
Across a 3-year window, the weekly returns of CXDO and CYRX correlate at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 1794.0 %².
In CXDO's tracked universe of 13 assets, CYRX sits right near the top at #3. Correlation aside, the last 12 months split them widely, with CYRX ahead by 86.3 points (+2.6% versus +88.9%).
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.
CXDO vs CYRX: side by side
| CXDO (Crexendo, Inc.) | CYRX (CryoPort, Inc.) | |
|---|---|---|
| 1-year return | +2.6% | +88.9% |
| 5-year return | +9.7% | -73.7% |
| Volatility (ann.) | 67.1% | 62.3% |
| Beta vs S&P 500 | 1.77 | 1.44 |
| Max drawdown (3Y) | -60.4% | -75.0% |
| Market cap | $0.2B | $0.8B |
| P/E (trailing) | 49.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CXDO | CYRX |
|---|---|---|
| 2022 | -61.7% | -70.7% |
| 2023 | +156.1% | -10.7% |
| 2024 | +7.8% | -49.8% |
| 2025 | +23.7% | +23.4% |
| 2026 | -0.8% | +72.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXDO and CYRX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CXDO and CYRX?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.34 over the last year and 0.31 over 5 years.
Is CYRX a good diversifier for CXDO?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/cxdo-vs-cyrx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cxdo-vs-cyrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CXDO correlations · CYRX correlations
