UPST vs XGN: Correlation
Measured on weekly returns over the past three years, Upstart Holdings, Inc. (UPST) and Exagen Inc. (XGN) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UPST and XGN?
On 3 years of weekly data the UPST/XGN correlation comes out at 0.42, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.42 over 3. The 5-year figure is 0.31, and annualized covariance runs at 3393.2 %².
Within UPST's tracked universe of 28 assets, XGN comes in at #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months XGN outperformed by 34.9 percentage points (-56.2% for UPST against -21.3% for XGN).
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.
UPST vs XGN: side by side
| UPST (Upstart Holdings, Inc.) | XGN (Exagen Inc.) | |
|---|---|---|
| 1-year return | -56.2% | -21.3% |
| 5-year return | -85.9% | -47.1% |
| Volatility (ann.) | 91.0% | 88.9% |
| Beta vs S&P 500 | 3.51 | 1.41 |
| Max drawdown (3Y) | -72.7% | -77.8% |
| Market cap | $3.0B | $0.2B |
| P/E (trailing) | 58.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UPST | XGN |
|---|---|---|
| 2022 | -91.3% | -79.4% |
| 2023 | +209.1% | -17.1% |
| 2024 | +50.7% | +106.0% |
| 2025 | -29.0% | +48.3% |
| 2026 | -30.3% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UPST and XGN good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between UPST and XGN?
As of 2026-08-27, the correlation of weekly returns between UPST and XGN is 0.42 over 3 years, 0.36 over 1 year and 0.31 over 5 years.
Is XGN a good diversifier for UPST?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/upst-vs-xgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/upst-vs-xgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: UPST correlations · XGN correlations
