NIVF vs XLO: Correlation
Measured on weekly returns over the past three years, NewGenIvf Group Limited - Class A (NIVF) and Xilio Therapeutics, Inc. (XLO) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NIVF and XLO?
Across a 3-year window, the weekly returns of NIVF and XLO correlate at 0.40, moderate. The link has loosened recently: the 1-year correlation (0.18) runs below the 3-year figure (0.40). Stretching to 5 years gives 0.32, with an annualized covariance of 30474.6 %².
Among the 37 assets we track against NIVF, XLO ranks #12 by 3-year correlation. The last year tells two different stories: XLO led by 93.9 percentage points, -99.9% for NIVF against -6.0% for XLO. One caveat on sizing: NIVF is 8.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NIVF vs XLO: side by side
| NIVF (NewGenIvf Group Limited - Class A) | XLO (Xilio Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -99.9% | -6.0% |
| 5-year return | -100.0% | -96.0% |
| Volatility (ann.) | 800.3% | 96.4% |
| Beta vs S&P 500 | 5.34 | -0.07 |
| Max drawdown (3Y) | -100.0% | -82.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NIVF | XLO |
|---|---|---|
| 2022 | – | -83.2% |
| 2023 | +6.9% | -79.6% |
| 2024 | -96.3% | +73.6% |
| 2025 | -99.3% | -33.0% |
| 2026 | -98.1% | +0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NIVF and XLO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NIVF and XLO?
As of 2026-08-27, the correlation of weekly returns between NIVF and XLO is 0.40 over 3 years, 0.18 over 1 year and 0.32 over 5 years.
Is XLO a good diversifier for NIVF?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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: NIVF correlations · XLO correlations
