ACEL vs XPOF: Correlation
Measured on weekly returns over the past three years, Accel Entertainment, Inc. (ACEL) and Xponential Fitness, Inc. (XPOF) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACEL and XPOF?
Across a 3-year window, the weekly returns of ACEL and XPOF correlate at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Stretching to 5 years gives 0.29, with an annualized covariance of 1031.4 %².
Among the 16 assets we track against ACEL, XPOF ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ACEL outperformed by 38.2 percentage points (+1.3% for ACEL against -36.9% for XPOF). Note the risk asymmetry: XPOF runs 3.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ACEL vs XPOF: side by side
| ACEL (Accel Entertainment, Inc.) | XPOF (Xponential Fitness, Inc.) | |
|---|---|---|
| 1-year return | +1.3% | -36.9% |
| 5-year return | +1.6% | -52.9% |
| Volatility (ann.) | 28.0% | 88.8% |
| Beta vs S&P 500 | 0.73 | 1.31 |
| Max drawdown (3Y) | -26.0% | -81.1% |
| Market cap | $0.9B | $0.3B |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACEL | XPOF |
|---|---|---|
| 2022 | -40.9% | +12.2% |
| 2023 | +33.4% | -43.8% |
| 2024 | +4.0% | +4.3% |
| 2025 | +6.8% | -38.8% |
| 2026 | +2.5% | -34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACEL and XPOF good diversifiers for each other?
Reasonably. At 0.41, ACEL and XPOF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACEL and XPOF?
The ACEL/XPOF correlation stands at 0.41 on a 3-year window (1 year: 0.38, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is XPOF a good diversifier for ACEL?
Reasonably. At 0.41, ACEL and XPOF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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/acel-vs-xpof.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acel-vs-xpof/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACEL correlations · XPOF correlations
