LODE vs XLO: Correlation
How closely do Comstock Inc. (LODE) and Xilio Therapeutics, Inc. (XLO) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LODE and XLO?
Across a 3-year window, the weekly returns of LODE and XLO correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.24 versus -0.21 over 3 years. Stretching to 5 years gives -0.11, with an annualized covariance of -2079.3 %².
Out of 13 assets tracked against LODE, XLO lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months LODE outperformed by 51.9 percentage points (+45.9% for LODE against -6.0% for XLO).
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.
LODE vs XLO: side by side
| LODE (Comstock Inc.) | XLO (Xilio Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +45.9% | -6.0% |
| 5-year return | -88.3% | -96.0% |
| Volatility (ann.) | 105.0% | 96.4% |
| Beta vs S&P 500 | 1.39 | -0.07 |
| Max drawdown (3Y) | -78.5% | -82.8% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LODE | XLO |
|---|---|---|
| 2022 | -78.3% | -83.2% |
| 2023 | +96.4% | -79.6% |
| 2024 | +45.5% | +73.6% |
| 2025 | -53.0% | -33.0% |
| 2026 | -5.3% | +0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LODE and XLO good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LODE and XLO?
The LODE/XLO correlation stands at -0.21 on a 3-year window (1 year: 0.24, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is XLO a good diversifier for LODE?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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/lode-vs-xlo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lode-vs-xlo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LODE correlations · XLO correlations
