EXOD vs KOP: Correlation
Measured on weekly returns over the past three years, Exodus Movement, Inc. (EXOD) and Koppers Holdings Inc. (KOP) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXOD and KOP?
Over the past 3 years, EXOD and KOP moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.21 over 3 years. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -1390.2 %².
By 3-year correlation, KOP places #12 of the 18 assets tracked against EXOD. Their recent paths diverged sharply: over the last 12 months KOP outperformed by 126.0 percentage points (-65.9% for EXOD against +60.1% for KOP). Note the risk asymmetry: EXOD runs 5.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EXOD vs KOP: side by side
| EXOD (Exodus Movement, Inc.) | KOP (Koppers Holdings Inc.) | |
|---|---|---|
| 1-year return | -65.9% | +60.1% |
| 5-year return | -64.9% | +47.0% |
| Volatility (ann.) | 196.6% | 33.9% |
| Beta vs S&P 500 | 0.78 | 0.89 |
| Max drawdown (3Y) | -94.8% | -58.4% |
| Market cap | $0.3B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXOD | KOP |
|---|---|---|
| 2022 | -89.5% | -9.2% |
| 2023 | +12.2% | +82.8% |
| 2024 | +1233.9% | -36.3% |
| 2025 | -51.8% | -15.5% |
| 2026 | -37.2% | +71.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXOD and KOP good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EXOD and KOP?
As of 2026-08-27, the correlation of weekly returns between EXOD and KOP is -0.21 over 3 years, -0.03 over 1 year and -0.13 over 5 years.
Is KOP a good diversifier for EXOD?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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
$ curl https://www.pairbook.io/api/v1/pairs/exod-vs-kop.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/exod-vs-kop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXOD correlations · KOP correlations
