EXC vs FRNM: Correlation
How closely do Exelon (EXC) and Freenome, Inc. (FRNM) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXC and FRNM?
On 3 years of weekly data the EXC/FRNM correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -106.8 %².
FRNM is close to the least connected end of EXC's tracked universe, ranking #40 of 41. Correlation aside, the last 12 months split them widely, with FRNM ahead by 30.6 points (+1.7% versus +32.3%).
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.
EXC vs FRNM: side by side
| EXC (Exelon) | FRNM (Freenome, Inc.) | |
|---|---|---|
| 1-year return | +1.7% | +32.3% |
| 5-year return | +48.1% | n/a |
| Volatility (ann.) | 19.4% | 21.1% |
| Beta vs S&P 500 | -0.05 | 0.03 |
| Max drawdown (3Y) | -18.9% | -29.6% |
| Market cap | $45.3B | $1.5B |
| P/E (trailing) | 16.3 | – |
| Dividend yield | 3.69% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | EXC | FRNM |
|---|---|---|
| 2022 | +8.3% | – |
| 2023 | -14.0% | – |
| 2024 | +9.2% | – |
| 2025 | +20.0% | +28.0% |
| 2026 | +2.7% | +7.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXC and FRNM good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EXC and FRNM?
The EXC/FRNM correlation stands at -0.27 on a 3-year window (1 year: -0.34, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is FRNM a good diversifier for EXC?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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/exc-vs-frnm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exc-vs-frnm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXC correlations · FRNM correlations
