NEXN vs XCUR: Correlation
Nexxen International Ltd. (NEXN) and Exicure, Inc. (XCUR) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEXN and XCUR?
On 3 years of weekly data the NEXN/XCUR correlation comes out at 0.43, moderate. The link has loosened recently: the 1-year correlation (-0.00) runs below the 3-year figure (0.43). The 5-year figure is 0.33, and annualized covariance runs at 6722.4 %².
XCUR is one of the assets that tracks NEXN most closely: it ranks #1 out of the 10 assets we track against NEXN. Correlation aside, the last 12 months split them widely, with NEXN ahead by 77.9 points (+2.6% versus -75.3%). Note the risk asymmetry: XCUR runs 7.5 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.
NEXN vs XCUR: side by side
| NEXN (Nexxen International Ltd.) | XCUR (Exicure, Inc.) | |
|---|---|---|
| 1-year return | +2.6% | -75.3% |
| 5-year return | -49.7% | -99.3% |
| Volatility (ann.) | 45.7% | 341.3% |
| Beta vs S&P 500 | 0.87 | 0.92 |
| Max drawdown (3Y) | -53.7% | -96.4% |
| Market cap | $0.6B | – |
| P/E (trailing) | 46.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NEXN | XCUR |
|---|---|---|
| 2022 | -57.4% | -81.0% |
| 2023 | -21.6% | -49.6% |
| 2024 | +98.0% | +371.4% |
| 2025 | -34.7% | -60.4% |
| 2026 | +54.7% | -74.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEXN and XCUR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NEXN and XCUR?
As of 2026-08-27, the correlation of weekly returns between NEXN and XCUR is 0.43 over 3 years, -0.00 over 1 year and 0.33 over 5 years.
Is XCUR a good diversifier for NEXN?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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.
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Related comparisons
Hubs: NEXN correlations · XCUR correlations
