ICCM vs XOM: Correlation
Measured on weekly returns over the past three years, IceCure Medical Ltd. (ICCM) and ExxonMobil (XOM) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICCM and XOM?
On 3 years of weekly data the ICCM/XOM correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. The 5-year figure is -0.12, and annualized covariance runs at -666.1 %².
By 3-year correlation, XOM places #28 of the 41 assets tracked against ICCM. The last year tells two different stories: XOM led by 135.1 percentage points, -92.3% for ICCM against +42.8% for XOM. Risk is not evenly split, since ICCM carries 4.8 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.
ICCM vs XOM: side by side
| ICCM (IceCure Medical Ltd.) | XOM (ExxonMobil) | |
|---|---|---|
| 1-year return | -92.3% | +42.8% |
| 5-year return | -99.3% | +237.9% |
| Volatility (ann.) | 117.6% | 24.3% |
| Beta vs S&P 500 | 0.41 | 0.01 |
| Max drawdown (3Y) | -95.4% | -20.1% |
| Market cap | – | $643.3B |
| P/E (trailing) | – | 20.1 |
| Dividend yield | 0.00% | 2.58% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | ICCM | XOM |
|---|---|---|
| 2022 | -49.2% | +87.4% |
| 2023 | -31.0% | -6.3% |
| 2024 | +2.8% | +11.3% |
| 2025 | -44.5% | +16.0% |
| 2026 | -87.5% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICCM and XOM good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between ICCM and XOM?
The ICCM/XOM correlation stands at -0.23 on a 3-year window (1 year: -0.26, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is XOM a good diversifier for ICCM?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/iccm-vs-xom.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iccm-vs-xom/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ICCM correlations · XOM correlations
