THCH vs XCUR: Correlation
TH International Limited (THCH) and Exicure, Inc. (XCUR) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are THCH and XCUR?
Over the past 3 years, THCH and XCUR moved with a correlation of 0.41, which is moderate. The past 12 months show a weaker link (-0.10) than the 3-year average (0.41). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 9092.0 %².
Among the 11 assets we track against THCH, XCUR ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months THCH outperformed by 26.7 percentage points (-48.6% for THCH against -75.3% for XCUR). Risk is not evenly split, since XCUR carries 5.3 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.
THCH vs XCUR: side by side
| THCH (TH International Limited) | XCUR (Exicure, Inc.) | |
|---|---|---|
| 1-year return | -48.6% | -75.3% |
| 5-year return | -97.4% | -99.3% |
| Volatility (ann.) | 64.2% | 341.3% |
| Beta vs S&P 500 | 0.34 | 0.92 |
| Max drawdown (3Y) | -90.7% | -96.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | THCH | XCUR |
|---|---|---|
| 2022 | -71.7% | -81.0% |
| 2023 | -37.1% | -49.6% |
| 2024 | -59.4% | +371.4% |
| 2025 | -29.9% | -60.4% |
| 2026 | -49.0% | -74.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are THCH and XCUR 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 THCH and XCUR?
The THCH/XCUR correlation stands at 0.41 on a 3-year window (1 year: -0.10, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is XCUR a good diversifier for THCH?
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/thch-vs-xcur.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/thch-vs-xcur/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: THCH correlations · XCUR correlations
