IHS vs XERS: Correlation
Measured on weekly returns over the past three years, IHS Holding Limited (IHS) and Xeris Biopharma Holdings, Inc. (XERS) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IHS and XERS?
On 3 years of weekly data the IHS/XERS correlation comes out at 0.36, moderate. The past 12 months show a weaker link (0.09) than the 3-year average (0.36). The 5-year figure is 0.31, and annualized covariance runs at 1178.9 %².
Few assets follow IHS as closely as XERS, which ranks #3 of 10 tracked partners. Over the last 12 months IHS came out ahead by 7.6 percentage points (+15.2% against +7.6%).
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.
IHS vs XERS: side by side
| IHS (IHS Holding Limited) | XERS (Xeris Biopharma Holdings, Inc.) | |
|---|---|---|
| 1-year return | +15.2% | +7.6% |
| 5-year return | -51.0% | +212.7% |
| Volatility (ann.) | 55.6% | 58.5% |
| Beta vs S&P 500 | 0.88 | 1.29 |
| Max drawdown (3Y) | -68.7% | -47.2% |
| Market cap | $2.8B | $1.6B |
| P/E (trailing) | 5.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IHS | XERS |
|---|---|---|
| 2022 | -56.4% | -54.6% |
| 2023 | -25.2% | +76.7% |
| 2024 | -36.5% | +44.3% |
| 2025 | +155.5% | +131.6% |
| 2026 | +11.7% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IHS and XERS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IHS and XERS?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.09 over the last year and 0.31 over 5 years.
Is XERS a good diversifier for IHS?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/ihs-vs-xers.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ihs-vs-xers/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IHS correlations · XERS correlations
