ACMR vs XEL: Correlation
How closely do ACM Research, Inc. (ACMR) and Xcel Energy (XEL) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACMR and XEL?
On 3 years of weekly data the ACMR/XEL correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.00) than the 3-year average (-0.30). The 5-year figure is -0.14, and annualized covariance runs at -507.7 %².
Out of 13 assets tracked against ACMR, XEL lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with ACMR ahead by 172.4 points (+181.6% versus +9.2%). Risk is not evenly split, since ACMR carries 3.9 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.
ACMR vs XEL: side by side
| ACMR (ACM Research, Inc.) | XEL (Xcel Energy) | |
|---|---|---|
| 1-year return | +181.6% | +9.2% |
| 5-year return | +173.8% | +31.1% |
| Volatility (ann.) | 80.8% | 20.7% |
| Beta vs S&P 500 | 2.07 | 0.09 |
| Max drawdown (3Y) | -58.4% | -24.0% |
| Market cap | $5.6B | $48.2B |
| P/E (trailing) | 37.3 | 21.3 |
| Dividend yield | 0.00% | 2.99% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | ACMR | XEL |
|---|---|---|
| 2022 | -72.9% | +6.4% |
| 2023 | +153.4% | -8.7% |
| 2024 | -22.7% | +12.3% |
| 2025 | +161.3% | +13.9% |
| 2026 | +104.0% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACMR and XEL good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACMR and XEL?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.00 over the last year and -0.14 over 5 years.
Is XEL a good diversifier for ACMR?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/acmr-vs-xel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acmr-vs-xel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACMR correlations · XEL correlations
