FEBO vs XGN: Correlation
How closely do Fenbo Holdings Limited - Class A (FEBO) and Exagen Inc. (XGN) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEBO and XGN?
On 3 years of weekly data the FEBO/XGN correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -2372.2 %².
XGN is close to the least connected end of FEBO's tracked universe, ranking #10 of 10. Correlation aside, the last 12 months split them widely, with FEBO ahead by 18.2 points (-3.1% versus -21.3%).
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.
FEBO vs XGN: side by side
| FEBO (Fenbo Holdings Limited - Class A) | XGN (Exagen Inc.) | |
|---|---|---|
| 1-year return | -3.1% | -21.3% |
| 5-year return | n/a | -47.1% |
| Volatility (ann.) | 81.1% | 88.9% |
| Beta vs S&P 500 | 0.19 | 1.41 |
| Max drawdown (3Y) | -96.0% | -77.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEBO | XGN |
|---|---|---|
| 2022 | – | -79.4% |
| 2023 | – | -17.1% |
| 2024 | -65.6% | +106.0% |
| 2025 | -23.6% | +48.3% |
| 2026 | -45.9% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEBO and XGN good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FEBO and XGN?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.24 over the last year and n/a over 5 years.
Is XGN a good diversifier for FEBO?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
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
$ curl https://www.pairbook.io/api/v1/pairs/febo-vs-xgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/febo-vs-xgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FEBO correlations · XGN correlations
