CXDO vs XMTR: Correlation
Crexendo, Inc. (CXDO) and Xometry, Inc. (XMTR) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXDO and XMTR?
Over the past 3 years, CXDO and XMTR moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 2687.0 %².
In CXDO's tracked universe of 13 assets, XMTR sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months XMTR outperformed by 100.3 percentage points (+2.6% for CXDO against +102.9% for XMTR).
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 XMTR: side by side
| CXDO (Crexendo, Inc.) | XMTR (Xometry, Inc.) | |
|---|---|---|
| 1-year return | +2.6% | +102.9% |
| 5-year return | +9.7% | +31.7% |
| Volatility (ann.) | 67.1% | 83.8% |
| Beta vs S&P 500 | 1.77 | 2.60 |
| Max drawdown (3Y) | -60.4% | -70.4% |
| Market cap | $0.2B | $5.5B |
| P/E (trailing) | 49.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CXDO | XMTR |
|---|---|---|
| 2022 | -61.7% | -37.1% |
| 2023 | +156.1% | +11.4% |
| 2024 | +7.8% | +18.8% |
| 2025 | +23.7% | +39.4% |
| 2026 | -0.8% | +61.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXDO and XMTR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CXDO and XMTR?
The CXDO/XMTR correlation stands at 0.48 on a 3-year window (1 year: 0.55, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is XMTR a good diversifier for CXDO?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/cxdo-vs-xmtr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cxdo-vs-xmtr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CXDO correlations · XMTR correlations
