SHC vs XERS: Correlation
How closely do Sotera Health Company (SHC) and Xeris Biopharma Holdings, Inc. (XERS) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SHC and XERS?
On 3 years of weekly data the SHC/XERS correlation comes out at 0.48, moderate. The past 12 months show a tighter link (0.60) than the 3-year average (0.48). The 5-year figure is 0.35, and annualized covariance runs at 1126.5 %².
Among the 15 assets we track against SHC, XERS ranks #6 by 3-year correlation. On 12-month performance SHC holds a 10.5-point edge, +18.1% against +7.6%.
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.
SHC vs XERS: side by side
| SHC (Sotera Health Company) | XERS (Xeris Biopharma Holdings, Inc.) | |
|---|---|---|
| 1-year return | +18.1% | +7.6% |
| 5-year return | -21.9% | +212.7% |
| Volatility (ann.) | 40.4% | 58.5% |
| Beta vs S&P 500 | 1.09 | 1.29 |
| Max drawdown (3Y) | -43.5% | -47.2% |
| Market cap | $5.6B | $1.6B |
| P/E (trailing) | 34.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SHC | XERS |
|---|---|---|
| 2022 | -64.6% | -54.6% |
| 2023 | +102.3% | +76.7% |
| 2024 | -18.8% | +44.3% |
| 2025 | +28.9% | +131.6% |
| 2026 | +10.4% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SHC and XERS good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SHC and XERS?
The SHC/XERS correlation stands at 0.48 on a 3-year window (1 year: 0.60, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is XERS a good diversifier for SHC?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/shc-vs-xers.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/shc-vs-xers/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SHC correlations · XERS correlations
