DXCM vs NSPR: Correlation
How closely do Dexcom (DXCM) and InspireMD Inc. (NSPR) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXCM and NSPR?
Across a 3-year window, the weekly returns of DXCM and NSPR correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.12 versus -0.19 over 3 years. Stretching to 5 years gives 0.03, with an annualized covariance of -525.2 %².
By 3-year correlation, NSPR places #22 of the 28 assets tracked against DXCM. Their recent paths diverged sharply: over the last 12 months DXCM outperformed by 80.5 percentage points (+16.9% for DXCM against -63.6% for NSPR).
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.
DXCM vs NSPR: side by side
| DXCM (Dexcom) | NSPR (InspireMD Inc.) | |
|---|---|---|
| 1-year return | +16.9% | -63.6% |
| 5-year return | -31.5% | -80.3% |
| Volatility (ann.) | 46.7% | 58.4% |
| Beta vs S&P 500 | 1.02 | 0.05 |
| Max drawdown (3Y) | -61.0% | -82.8% |
| Market cap | $33.7B | – |
| P/E (trailing) | 35.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DXCM | NSPR |
|---|---|---|
| 2022 | -15.6% | -71.5% |
| 2023 | +9.6% | +226.7% |
| 2024 | -37.3% | -6.4% |
| 2025 | -14.7% | -32.3% |
| 2026 | +34.5% | -50.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXCM and NSPR good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DXCM and NSPR?
The DXCM/NSPR correlation stands at -0.19 on a 3-year window (1 year: 0.12, 5 years: 0.03), computed from weekly returns as of 2026-08-27.
Is NSPR a good diversifier for DXCM?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dxcm-vs-nspr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dxcm-vs-nspr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DXCM correlations · NSPR correlations
