RXRX vs XBI: Correlation
How closely do Recursion Pharmaceuticals, Inc. (RXRX) and SPDR S&P Biotech ETF (XBI) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RXRX and XBI?
On 3 years of weekly data the RXRX/XBI correlation comes out at 0.62, strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 1406.6 %².
XBI is one of the assets that tracks RXRX most closely: it ranks #3 out of the 22 assets we track against RXRX. Correlation aside, the last 12 months split them widely, with XBI ahead by 116.9 points (-29.7% versus +87.2%). Risk is not evenly split, since RXRX carries 3.0 times the volatility of the other side.
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.
RXRX vs XBI: side by side
| RXRX (Recursion Pharmaceuticals, Inc.) | XBI (SPDR S&P Biotech ETF) | |
|---|---|---|
| 1-year return | -29.7% | +87.2% |
| 5-year return | -86.0% | +28.6% |
| Volatility (ann.) | 82.2% | 27.7% |
| Beta vs S&P 500 | 3.07 | 1.09 |
| Max drawdown (3Y) | -81.7% | -33.0% |
| Market cap | $1.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | RXRX | XBI |
|---|---|---|
| 2022 | -55.0% | -25.9% |
| 2023 | +27.9% | +7.6% |
| 2024 | -31.4% | +1.0% |
| 2025 | -39.5% | +35.9% |
| 2026 | -15.9% | +38.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RXRX and XBI good diversifiers for each other?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between RXRX and XBI?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.62 over the last year and 0.56 over 5 years.
Is XBI a good diversifier for RXRX?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rxrx-vs-xbi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rxrx-vs-xbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RXRX correlations · XBI correlations
