DYAI vs XCUR: Correlation
How closely do Dyadic International, Inc. (DYAI) and Exicure, Inc. (XCUR) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DYAI and XCUR?
Over the past 3 years, DYAI and XCUR moved with a correlation of 0.49, which is moderate. The past 12 months show a weaker link (-0.04) than the 3-year average (0.49). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 12370.5 %².
XCUR is one of the assets that tracks DYAI most closely: it ranks #3 out of the 10 assets we track against DYAI. Correlation aside, the last 12 months split them widely, with DYAI ahead by 44.0 points (-31.3% versus -75.3%). One caveat on sizing: XCUR is 4.6 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.
DYAI vs XCUR: side by side
| DYAI (Dyadic International, Inc.) | XCUR (Exicure, Inc.) | |
|---|---|---|
| 1-year return | -31.3% | -75.3% |
| 5-year return | -90.1% | -99.3% |
| Volatility (ann.) | 74.7% | 341.3% |
| Beta vs S&P 500 | 1.16 | 0.92 |
| Max drawdown (3Y) | -71.8% | -96.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DYAI | XCUR |
|---|---|---|
| 2022 | -72.8% | -81.0% |
| 2023 | +30.9% | -49.6% |
| 2024 | +8.7% | +371.4% |
| 2025 | -46.3% | -60.4% |
| 2026 | -32.0% | -74.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DYAI and XCUR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DYAI and XCUR?
The DYAI/XCUR correlation stands at 0.49 on a 3-year window (1 year: -0.04, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is XCUR a good diversifier for DYAI?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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: DYAI correlations · XCUR correlations
