PLTR vs XGN: Correlation
How closely do Palantir Technologies (PLTR) and Exagen Inc. (XGN) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLTR and XGN?
Over the past 3 years, PLTR and XGN moved with a correlation of 0.41, which is moderate. The past 12 months show a tighter link (0.56) than the 3-year average (0.41). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 2577.0 %².
Among the 36 assets we track against PLTR, XGN ranks #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PLTR outperformed by 39.9 percentage points (+18.6% for PLTR against -21.3% for XGN).
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.
PLTR vs XGN: side by side
| PLTR (Palantir Technologies) | XGN (Exagen Inc.) | |
|---|---|---|
| 1-year return | +18.6% | -21.3% |
| 5-year return | +621.8% | -47.1% |
| Volatility (ann.) | 71.3% | 88.9% |
| Beta vs S&P 500 | 2.47 | 1.41 |
| Max drawdown (3Y) | -48.2% | -77.8% |
| Market cap | $446.8B | $0.2B |
| P/E (trailing) | 151.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | PLTR | XGN |
|---|---|---|
| 2022 | -64.7% | -79.4% |
| 2023 | +167.4% | -17.1% |
| 2024 | +340.5% | +106.0% |
| 2025 | +135.0% | +48.3% |
| 2026 | +4.6% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLTR and XGN good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PLTR and XGN?
The PLTR/XGN correlation stands at 0.41 on a 3-year window (1 year: 0.56, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is XGN a good diversifier for PLTR?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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/pltr-vs-xgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pltr-vs-xgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PLTR correlations · XGN correlations
