INTZ vs XBIT: Correlation
Intrusion Inc. (INTZ) and XBiotech Inc. (XBIT) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INTZ and XBIT?
On 3 years of weekly data the INTZ/XBIT correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.16) than the 3-year average (-0.29). The 5-year figure is -0.22, and annualized covariance runs at -4935.3 %².
Among the 31 assets we track against INTZ, XBIT sits near the bottom by co-movement, at rank #31. Their recent paths diverged sharply: over the last 12 months XBIT outperformed by 22.1 percentage points (-56.0% for INTZ against -33.9% for XBIT). Risk is not evenly split, since INTZ carries 4.6 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.
INTZ vs XBIT: side by side
| INTZ (Intrusion Inc.) | XBIT (XBiotech Inc.) | |
|---|---|---|
| 1-year return | -56.0% | -33.9% |
| 5-year return | -99.1% | -85.8% |
| Volatility (ann.) | 281.6% | 60.9% |
| Beta vs S&P 500 | 2.38 | 1.09 |
| Max drawdown (3Y) | -97.9% | -78.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INTZ | XBIT |
|---|---|---|
| 2022 | -8.1% | -68.5% |
| 2023 | -92.1% | +14.0% |
| 2024 | -38.4% | -1.2% |
| 2025 | -62.7% | -39.5% |
| 2026 | -29.6% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INTZ and XBIT good diversifiers for each other?
Yes. With a correlation of -0.29, INTZ and XBIT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INTZ and XBIT?
The INTZ/XBIT correlation stands at -0.29 on a 3-year window (1 year: 0.16, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is XBIT a good diversifier for INTZ?
Yes. With a correlation of -0.29, INTZ and XBIT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 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
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Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/intz-vs-xbit/)
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Hubs: INTZ correlations · XBIT correlations
