NVCR vs XPER: Correlation
NovoCure Limited (NVCR) and Xperi Inc. (XPER) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVCR and XPER?
On 3 years of weekly data the NVCR/XPER correlation comes out at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. The 5-year figure is 0.21, and annualized covariance runs at 1211.1 %².
In NVCR's tracked universe of 12 assets, XPER sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months NVCR outperformed by 51.3 percentage points (+51.0% for NVCR against -0.3% for XPER). Risk is not evenly split, since NVCR carries 1.6 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.
NVCR vs XPER: side by side
| NVCR (NovoCure Limited) | XPER (Xperi Inc.) | |
|---|---|---|
| 1-year return | +51.0% | -0.3% |
| 5-year return | -86.6% | n/a |
| Volatility (ann.) | 70.1% | 43.6% |
| Beta vs S&P 500 | 1.51 | 1.29 |
| Max drawdown (3Y) | -70.0% | -57.6% |
| Market cap | $2.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVCR | XPER |
|---|---|---|
| 2022 | -2.3% | – |
| 2023 | -79.6% | +28.0% |
| 2024 | +99.6% | -6.8% |
| 2025 | -56.6% | -42.9% |
| 2026 | +39.1% | +3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVCR and XPER good diversifiers for each other?
Reasonably. At 0.40, NVCR and XPER keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NVCR and XPER?
The NVCR/XPER correlation stands at 0.40 on a 3-year window (1 year: 0.42, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is XPER a good diversifier for NVCR?
Reasonably. At 0.40, NVCR and XPER keep a meaningful degree of independence, and combining them has historically reduced portfolio 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nvcr-vs-xper.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nvcr-vs-xper/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVCR correlations · XPER correlations
