CXDO vs SPMC: Correlation
How closely do Crexendo, Inc. (CXDO) and Sound Point Meridian Capital, Inc. (SPMC) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXDO and SPMC?
On 3 years of weekly data the CXDO/SPMC correlation comes out at 0.44, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.44 over 3. The 5-year figure is n/a, and annualized covariance runs at 804.9 %².
SPMC is one of the assets that tracks CXDO most closely: it ranks #2 out of the 13 assets we track against CXDO. Correlation aside, the last 12 months split them widely, with CXDO ahead by 37.2 points (+2.6% versus -34.6%). One caveat on sizing: CXDO is 2.1 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.
CXDO vs SPMC: side by side
| CXDO (Crexendo, Inc.) | SPMC (Sound Point Meridian Capital, Inc.) | |
|---|---|---|
| 1-year return | +2.6% | -34.6% |
| 5-year return | +9.7% | n/a |
| Volatility (ann.) | 67.1% | 31.4% |
| Beta vs S&P 500 | 1.77 | 1.01 |
| Max drawdown (3Y) | -60.4% | -52.9% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | 49.4 | – |
| Dividend yield | 0.00% | 30.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CXDO | SPMC |
|---|---|---|
| 2022 | -61.7% | – |
| 2023 | +156.1% | – |
| 2024 | +7.8% | – |
| 2025 | +23.7% | -22.5% |
| 2026 | -0.8% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXDO and SPMC good diversifiers for each other?
Reasonably. At 0.44, CXDO and SPMC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CXDO and SPMC?
The CXDO/SPMC correlation stands at 0.44 on a 3-year window (1 year: 0.49, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SPMC a good diversifier for CXDO?
Reasonably. At 0.44, CXDO and SPMC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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-spmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cxdo-vs-spmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CXDO correlations · SPMC correlations
