XNCR vs ZYME: Correlation
Measured on weekly returns over the past three years, Xencor, Inc. (XNCR) and Zymeworks Inc. (ZYME) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are XNCR and ZYME?
On 3 years of weekly data the XNCR/ZYME correlation comes out at 0.51, moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.51). The 5-year figure is 0.38, and annualized covariance runs at 1543.5 %².
By 3-year correlation, ZYME places #6 of the 15 assets tracked against XNCR. The last year tells two different stories: XNCR led by 165.8 percentage points, +260.1% for XNCR against +94.3% for ZYME.
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.
XNCR vs ZYME: side by side
| XNCR (Xencor, Inc.) | ZYME (Zymeworks Inc.) | |
|---|---|---|
| 1-year return | +260.1% | +94.3% |
| 5-year return | -14.8% | -10.9% |
| Volatility (ann.) | 60.9% | 49.4% |
| Beta vs S&P 500 | 1.37 | 1.02 |
| Max drawdown (3Y) | -73.9% | -45.7% |
| Market cap | $2.1B | $2.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | XNCR | ZYME |
|---|---|---|
| 2022 | -35.1% | -52.0% |
| 2023 | -18.5% | +32.2% |
| 2024 | +8.2% | +40.9% |
| 2025 | -33.4% | +79.8% |
| 2026 | +88.6% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are XNCR and ZYME good diversifiers for each other?
To a limited degree. At 0.51 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 XNCR and ZYME?
The XNCR/ZYME correlation stands at 0.51 on a 3-year window (1 year: 0.35, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is ZYME a good diversifier for XNCR?
To a limited degree. At 0.51 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 0.51 mean?
On the −1 to +1 scale, 0.51 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/xncr-vs-zyme.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/xncr-vs-zyme/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: XNCR correlations · ZYME correlations
