RCUS vs XNCR: Correlation
Measured on weekly returns over the past three years, Arcus Biosciences, Inc. (RCUS) and Xencor, Inc. (XNCR) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RCUS and XNCR?
On 3 years of weekly data the RCUS/XNCR correlation comes out at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 1943.9 %².
By 3-year correlation, XNCR places #5 of the 12 assets tracked against RCUS. Their recent paths diverged sharply: over the last 12 months XNCR outperformed by 70.4 percentage points (+189.7% for RCUS against +260.1% for XNCR).
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.
RCUS vs XNCR: side by side
| RCUS (Arcus Biosciences, Inc.) | XNCR (Xencor, Inc.) | |
|---|---|---|
| 1-year return | +189.7% | +260.1% |
| 5-year return | +3.1% | -14.8% |
| Volatility (ann.) | 59.0% | 60.9% |
| Beta vs S&P 500 | 1.71 | 1.37 |
| Max drawdown (3Y) | -69.5% | -73.9% |
| Market cap | $3.8B | $2.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RCUS | XNCR |
|---|---|---|
| 2022 | -48.9% | -35.1% |
| 2023 | -7.6% | -18.5% |
| 2024 | -22.0% | +8.2% |
| 2025 | +60.0% | -33.4% |
| 2026 | +28.4% | +88.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RCUS and XNCR good diversifiers for each other?
Only partially. A correlation of 0.54 means RCUS and XNCR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between RCUS and XNCR?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.55 over the last year and 0.46 over 5 years.
Is XNCR a good diversifier for RCUS?
Only partially. A correlation of 0.54 means RCUS and XNCR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: RCUS correlations · XNCR correlations
