NEO vs XYZ: Correlation
How closely do NeoGenomics, Inc. (NEO) and Block, Inc. (XYZ) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEO and XYZ?
Across a 3-year window, the weekly returns of NEO and XYZ correlate at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. Stretching to 5 years gives 0.48, with an annualized covariance of 1317.3 %².
Within NEO's tracked universe of 11 assets, XYZ comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NEO outperformed by 156.4 percentage points (+163.3% for NEO against +6.9% for XYZ).
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.
NEO vs XYZ: side by side
| NEO (NeoGenomics, Inc.) | XYZ (Block, Inc.) | |
|---|---|---|
| 1-year return | +163.3% | +6.9% |
| 5-year return | -62.1% | -68.8% |
| Volatility (ann.) | 59.7% | 50.2% |
| Beta vs S&P 500 | 1.17 | 1.80 |
| Max drawdown (3Y) | -76.7% | -53.0% |
| Market cap | $2.4B | $51.0B |
| P/E (trailing) | – | 151.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | NEO | XYZ |
|---|---|---|
| 2022 | -72.9% | -61.1% |
| 2023 | +75.1% | +23.1% |
| 2024 | +1.9% | +9.9% |
| 2025 | -28.6% | -23.4% |
| 2026 | +58.5% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEO and XYZ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NEO and XYZ?
As of 2026-08-27, the correlation of weekly returns between NEO and XYZ is 0.44 over 3 years, 0.36 over 1 year and 0.48 over 5 years.
Is XYZ a good diversifier for NEO?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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/neo-vs-xyz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/neo-vs-xyz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NEO correlations · XYZ correlations
