ADIL vs XEL: Correlation
Measured on weekly returns over the past three years, Adial Pharmaceuticals, Inc (ADIL) and Xcel Energy (XEL) carry a correlation of -0.39, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADIL and XEL?
On 3 years of weekly data the ADIL/XEL correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.39 over 3 years. The 5-year figure is -0.27, and annualized covariance runs at -1657.5 %².
Out of 19 assets tracked against ADIL, XEL lands near the bottom at #19. Their recent paths diverged sharply: over the last 12 months XEL outperformed by 49.3 percentage points (-40.1% for ADIL against +9.2% for XEL). One caveat on sizing: ADIL is 9.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ADIL vs XEL: side by side
| ADIL (Adial Pharmaceuticals, Inc) | XEL (Xcel Energy) | |
|---|---|---|
| 1-year return | -40.1% | +9.2% |
| 5-year return | -99.8% | +31.1% |
| Volatility (ann.) | 203.8% | 20.7% |
| Beta vs S&P 500 | 1.29 | 0.09 |
| Max drawdown (3Y) | -98.8% | -24.0% |
| Market cap | – | $48.2B |
| P/E (trailing) | – | 21.3 |
| Dividend yield | 0.00% | 2.99% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | ADIL | XEL |
|---|---|---|
| 2022 | -91.9% | +6.4% |
| 2023 | -66.2% | -8.7% |
| 2024 | -45.7% | +12.3% |
| 2025 | -78.2% | +13.9% |
| 2026 | +3.5% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADIL and XEL good diversifiers for each other?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ADIL and XEL?
The ADIL/XEL correlation stands at -0.39 on a 3-year window (1 year: -0.04, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is XEL a good diversifier for ADIL?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 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/adil-vs-xel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adil-vs-xel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADIL correlations · XEL correlations
