NVCT vs XBI: Correlation
Nuvectis Pharma, Inc. (NVCT) and SPDR S&P Biotech ETF (XBI) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVCT and XBI?
Over the past 3 years, NVCT and XBI moved with a correlation of 0.48, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.48 over 3. Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 1390.5 %².
Few assets follow NVCT as closely as XBI, which ranks #2 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months NVCT outperformed by 191.6 percentage points (+278.8% for NVCT against +87.2% for XBI). One caveat on sizing: NVCT is 3.8 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.
NVCT vs XBI: side by side
| NVCT (Nuvectis Pharma, Inc.) | XBI (SPDR S&P Biotech ETF) | |
|---|---|---|
| 1-year return | +278.8% | +87.2% |
| 5-year return | +675.1% | +28.6% |
| Volatility (ann.) | 105.8% | 27.7% |
| Beta vs S&P 500 | 0.97 | 1.09 |
| Max drawdown (3Y) | -69.5% | -33.0% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | NVCT | XBI |
|---|---|---|
| 2022 | – | -25.9% |
| 2023 | +11.2% | +7.6% |
| 2024 | -35.1% | +1.0% |
| 2025 | +39.6% | +35.9% |
| 2026 | +233.6% | +38.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVCT and XBI good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NVCT and XBI?
The NVCT/XBI correlation stands at 0.48 on a 3-year window (1 year: 0.41, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is XBI a good diversifier for NVCT?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nvct-vs-xbi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nvct-vs-xbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVCT correlations · XBI correlations
