PNFP vs XMTR: Correlation
Measured on weekly returns over the past three years, Pinnacle Financial Partners, Inc. (PNFP) and Xometry, Inc. (XMTR) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNFP and XMTR?
Over the past 3 years, PNFP and XMTR moved with a correlation of 0.51, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 1513.4 %².
Among the 14 assets we track against PNFP, XMTR ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with XMTR ahead by 96.5 points (+6.4% versus +102.9%). One caveat on sizing: XMTR is 2.4 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.
PNFP vs XMTR: side by side
| PNFP (Pinnacle Financial Partners, Inc.) | XMTR (Xometry, Inc.) | |
|---|---|---|
| 1-year return | +6.4% | +102.9% |
| 5-year return | +12.0% | +31.7% |
| Volatility (ann.) | 35.3% | 83.8% |
| Beta vs S&P 500 | 1.22 | 2.60 |
| Max drawdown (3Y) | -35.8% | -70.4% |
| Market cap | $15.3B | $5.5B |
| P/E (trailing) | 13.9 | – |
| Dividend yield | 1.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PNFP | XMTR |
|---|---|---|
| 2022 | -22.3% | -37.1% |
| 2023 | +20.5% | +11.4% |
| 2024 | +32.4% | +18.8% |
| 2025 | -15.8% | +39.4% |
| 2026 | +7.4% | +61.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNFP and XMTR good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PNFP and XMTR?
The PNFP/XMTR correlation stands at 0.51 on a 3-year window (1 year: 0.43, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is XMTR a good diversifier for PNFP?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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/pnfp-vs-xmtr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pnfp-vs-xmtr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PNFP correlations · XMTR correlations
