EVGN vs NXTC: Correlation
How closely do Evogene Ltd. (EVGN) and NextCure, Inc. (NXTC) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVGN and NXTC?
Over the past 3 years, EVGN and NXTC moved with a correlation of 0.33, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.49 versus 0.33 over 3 years. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 3786.8 %².
Few assets follow EVGN as closely as NXTC, which ranks #3 of 10 tracked partners. The last year tells two different stories: NXTC led by 74.2 percentage points, -58.9% for EVGN against +15.3% for NXTC. Risk is not evenly split, since NXTC carries 2.2 times the volatility of the other side.
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.
EVGN vs NXTC: side by side
| EVGN (Evogene Ltd.) | NXTC (NextCure, Inc.) | |
|---|---|---|
| 1-year return | -58.9% | +15.3% |
| 5-year return | -97.9% | -93.2% |
| Volatility (ann.) | 71.8% | 160.1% |
| Beta vs S&P 500 | 1.04 | 1.18 |
| Max drawdown (3Y) | -96.0% | -94.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVGN | NXTC |
|---|---|---|
| 2022 | -57.3% | -76.5% |
| 2023 | +20.0% | -19.1% |
| 2024 | -77.7% | -32.4% |
| 2025 | -41.2% | +53.4% |
| 2026 | -51.1% | -57.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVGN and NXTC good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EVGN and NXTC?
As of 2026-08-27, the correlation of weekly returns between EVGN and NXTC is 0.33 over 3 years, 0.49 over 1 year and 0.27 over 5 years.
Is NXTC a good diversifier for EVGN?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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
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Related comparisons
Hubs: EVGN correlations · NXTC correlations
