EXEL vs R: Correlation
How closely do Exelixis, Inc. (EXEL) and Ryder System, Inc. (R) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXEL and R?
Across a 3-year window, the weekly returns of EXEL and R correlate at 0.39, moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.39). Stretching to 5 years gives 0.21, with an annualized covariance of 427.8 %².
Among the 11 assets we track against EXEL, R ranks #4 by 3-year correlation. The trailing year gives EXEL the advantage: +43.5% versus +34.9%, a 8.6-point spread.
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 R: side by side
| EXEL (Exelixis, Inc.) | R (Ryder System, Inc.) | |
|---|---|---|
| 1-year return | +43.5% | +34.9% |
| 5-year return | +186.9% | +245.8% |
| Volatility (ann.) | 34.8% | 31.1% |
| Beta vs S&P 500 | 0.78 | 1.09 |
| Max drawdown (3Y) | -25.3% | -23.9% |
| Market cap | $13.7B | $9.5B |
| P/E (trailing) | 17.7 | 20.3 |
| Dividend yield | 0.00% | 1.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXEL | R |
|---|---|---|
| 2022 | -12.3% | +4.4% |
| 2023 | +49.6% | +41.6% |
| 2024 | +38.8% | +39.5% |
| 2025 | +31.6% | +24.5% |
| 2026 | +26.1% | +31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXEL and R good diversifiers for each other?
Reasonably. At 0.39, EXEL and R keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EXEL and R?
The EXEL/R correlation stands at 0.39 on a 3-year window (1 year: 0.24, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is R a good diversifier for EXEL?
Reasonably. At 0.39, EXEL and R keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/exel-vs-r.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exel-vs-r/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXEL correlations · R correlations
