EXEL vs FGNX: Correlation
Exelixis, Inc. (EXEL) and FG Nexus Inc. (FGNX) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXEL and FGNX?
On 3 years of weekly data the EXEL/FGNX correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.07) than the 3-year average (-0.24). The 5-year figure is -0.13, and annualized covariance runs at -894.7 %².
Among the 11 assets we track against EXEL, FGNX sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months EXEL outperformed by 131.0 percentage points (+43.5% for EXEL against -87.5% for FGNX). Risk is not evenly split, since FGNX carries 3.0 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.
EXEL vs FGNX: side by side
| EXEL (Exelixis, Inc.) | FGNX (FG Nexus Inc.) | |
|---|---|---|
| 1-year return | +43.5% | -87.5% |
| 5-year return | +186.9% | -98.8% |
| Volatility (ann.) | 34.8% | 105.1% |
| Beta vs S&P 500 | 0.78 | -0.07 |
| Max drawdown (3Y) | -25.3% | -97.9% |
| Market cap | $13.7B | – |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXEL | FGNX |
|---|---|---|
| 2022 | -12.3% | -24.2% |
| 2023 | +49.6% | -43.9% |
| 2024 | +38.8% | -45.5% |
| 2025 | +31.6% | -87.4% |
| 2026 | +26.1% | -42.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXEL and FGNX good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between EXEL and FGNX?
As of 2026-08-27, the correlation of weekly returns between EXEL and FGNX is -0.24 over 3 years, -0.07 over 1 year and -0.13 over 5 years.
Is FGNX a good diversifier for EXEL?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EXEL correlations · FGNX correlations
