UNCY vs XLV: Correlation
Measured on weekly returns over the past three years, Unicycive Therapeutics, Inc. (UNCY) and Health Care Select Sector SPDR Fund (XLV) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UNCY and XLV?
On 3 years of weekly data the UNCY/XLV correlation comes out at 0.37, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.37 over 3. The 5-year figure is -0.02, and annualized covariance runs at 474.7 %².
By 3-year correlation, XLV places #4 of the 10 assets tracked against UNCY. Neither side won the trailing year by much: +28.8% against +27.5%. Risk is not evenly split, since UNCY carries 6.0 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.
UNCY vs XLV: side by side
| UNCY (Unicycive Therapeutics, Inc.) | XLV (Health Care Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +28.8% | +27.5% |
| 5-year return | -79.6% | +37.4% |
| Volatility (ann.) | 88.4% | 14.7% |
| Beta vs S&P 500 | 1.38 | 0.42 |
| Max drawdown (3Y) | -86.8% | -17.1% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.56% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $41.7B |
| Sector / category | US Listed | Sector ETF |
On the fund side, XLV sits in the Health category at State Street Investment Management, with $41.7B under management, 61 holdings, a 0.08% expense ratio, a 1.56% trailing dividend yield.
Year-by-year returns
| Year | UNCY | XLV |
|---|---|---|
| 2022 | -73.8% | -2.1% |
| 2023 | +60.7% | +2.1% |
| 2024 | -8.5% | +2.5% |
| 2025 | -27.3% | +14.5% |
| 2026 | -4.7% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UNCY and XLV good diversifiers for each other?
Reasonably. At 0.37, UNCY and XLV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between UNCY and XLV?
The UNCY/XLV correlation stands at 0.37 on a 3-year window (1 year: 0.43, 5 years: -0.02), computed from weekly returns as of 2026-08-27.
Is XLV a good diversifier for UNCY?
Reasonably. At 0.37, UNCY and XLV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/uncy-vs-xlv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/uncy-vs-xlv/)
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Related comparisons
Hubs: UNCY correlations · XLV correlations
