INCR vs XPON: Correlation
Intercure Ltd. (INCR) and Expion360 Inc. (XPON) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INCR and XPON?
On 3 years of weekly data the INCR/XPON correlation comes out at 0.56, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.89 versus 0.56 over 3 years. The 5-year figure is 0.44, and annualized covariance runs at 26820.1 %².
Among the 10 assets we track against INCR, XPON ranks #5 by 3-year correlation. The last year tells two different stories: INCR led by 308.5 percentage points, +248.5% for INCR against -60.0% for XPON. Note the risk asymmetry: INCR runs 2.3 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.
INCR vs XPON: side by side
| INCR (Intercure Ltd.) | XPON (Expion360 Inc.) | |
|---|---|---|
| 1-year return | +248.5% | -60.0% |
| 5-year return | -10.0% | -99.9% |
| Volatility (ann.) | 333.4% | 144.0% |
| Beta vs S&P 500 | 1.08 | 1.37 |
| Max drawdown (3Y) | -79.8% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INCR | XPON |
|---|---|---|
| 2022 | -49.1% | – |
| 2023 | -60.9% | +134.3% |
| 2024 | +23.3% | -99.6% |
| 2025 | -42.8% | -71.6% |
| 2026 | +524.2% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INCR and XPON good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between INCR and XPON?
As of 2026-08-27, the correlation of weekly returns between INCR and XPON is 0.56 over 3 years, 0.89 over 1 year and 0.44 over 5 years.
Is XPON a good diversifier for INCR?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
A reading of 0.56 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/incr-vs-xpon.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/incr-vs-xpon/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INCR correlations · XPON correlations
