OMER vs XNCR: Correlation
Measured on weekly returns over the past three years, Omeros Corporation (OMER) and Xencor, Inc. (XNCR) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMER and XNCR?
On 3 years of weekly data the OMER/XNCR correlation comes out at 0.38, moderate. Recent behaviour matches the longer record: 0.28 over 1 year against 0.38 over 3. The 5-year figure is 0.31, and annualized covariance runs at 2773.7 %².
By 3-year correlation, XNCR places #4 of the 13 assets tracked against OMER. Correlation aside, the last 12 months split them widely, with OMER ahead by 92.8 points (+352.9% versus +260.1%). One caveat on sizing: OMER is 2.0 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.
OMER vs XNCR: side by side
| OMER (Omeros Corporation) | XNCR (Xencor, Inc.) | |
|---|---|---|
| 1-year return | +352.9% | +260.1% |
| 5-year return | +22.7% | -14.8% |
| Volatility (ann.) | 119.0% | 60.9% |
| Beta vs S&P 500 | 1.80 | 1.37 |
| Max drawdown (3Y) | -75.6% | -73.9% |
| Market cap | $1.4B | $2.1B |
| P/E (trailing) | 11.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OMER | XNCR |
|---|---|---|
| 2022 | -64.9% | -35.1% |
| 2023 | +44.7% | -18.5% |
| 2024 | +202.1% | +8.2% |
| 2025 | +73.9% | -33.4% |
| 2026 | +12.0% | +88.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMER and XNCR good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OMER and XNCR?
The OMER/XNCR correlation stands at 0.38 on a 3-year window (1 year: 0.28, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is XNCR a good diversifier for OMER?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: OMER correlations · XNCR correlations
