LRMR vs XBI: Correlation
Measured on weekly returns over the past three years, Larimar Therapeutics, Inc. (LRMR) and SPDR S&P Biotech ETF (XBI) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LRMR and XBI?
On 3 years of weekly data the LRMR/XBI correlation comes out at 0.48, moderate. The link has loosened recently: the 1-year correlation (0.21) runs below the 3-year figure (0.48). The 5-year figure is 0.33, and annualized covariance runs at 1362.3 %².
By 3-year correlation, XBI places #5 of the 13 assets tracked against LRMR. Their recent paths diverged sharply: over the last 12 months XBI outperformed by 83.4 percentage points (+3.8% for LRMR against +87.2% for XBI). Risk is not evenly split, since LRMR carries 3.7 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.
LRMR vs XBI: side by side
| LRMR (Larimar Therapeutics, Inc.) | XBI (SPDR S&P Biotech ETF) | |
|---|---|---|
| 1-year return | +3.8% | +87.2% |
| 5-year return | -71.6% | +28.6% |
| Volatility (ann.) | 101.9% | 27.7% |
| Beta vs S&P 500 | 1.81 | 1.09 |
| Max drawdown (3Y) | -87.1% | -33.0% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | LRMR | XBI |
|---|---|---|
| 2022 | -61.7% | -25.9% |
| 2023 | +10.2% | +7.6% |
| 2024 | -14.9% | +1.0% |
| 2025 | -1.6% | +35.9% |
| 2026 | +6.3% | +38.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LRMR and XBI good diversifiers for each other?
Reasonably. At 0.48, LRMR and XBI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LRMR and XBI?
The LRMR/XBI correlation stands at 0.48 on a 3-year window (1 year: 0.21, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is XBI a good diversifier for LRMR?
Reasonably. At 0.48, LRMR and XBI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/lrmr-vs-xbi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lrmr-vs-xbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LRMR correlations · XBI correlations
