AIFC vs XEL: Correlation
AI Financial Corporation (AIFC) and Xcel Energy (XEL) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIFC and XEL?
Across a 3-year window, the weekly returns of AIFC and XEL correlate at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. Stretching to 5 years gives -0.16, with an annualized covariance of -682.1 %².
XEL is close to the least connected end of AIFC's tracked universe, ranking #10 of 11. Correlation aside, the last 12 months split them widely, with XEL ahead by 100.5 points (-91.3% versus +9.2%). One caveat on sizing: AIFC is 6.9 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.
AIFC vs XEL: side by side
| AIFC (AI Financial Corporation) | XEL (Xcel Energy) | |
|---|---|---|
| 1-year return | -91.3% | +9.2% |
| 5-year return | -91.3% | +31.1% |
| Volatility (ann.) | 142.2% | 20.7% |
| Beta vs S&P 500 | 0.34 | 0.09 |
| Max drawdown (3Y) | -96.4% | -24.0% |
| Market cap | $0.1B | $48.2B |
| P/E (trailing) | – | 21.3 |
| Dividend yield | 0.00% | 2.99% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | AIFC | XEL |
|---|---|---|
| 2022 | -66.5% | +6.4% |
| 2023 | -59.1% | -8.7% |
| 2024 | +730.4% | +12.3% |
| 2025 | -76.3% | +13.9% |
| 2026 | -45.6% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIFC and XEL good diversifiers for each other?
Yes. With a correlation of -0.23, AIFC and XEL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIFC and XEL?
As of 2026-08-27, the correlation of weekly returns between AIFC and XEL is -0.23 over 3 years, -0.24 over 1 year and -0.16 over 5 years.
Is XEL a good diversifier for AIFC?
Yes. With a correlation of -0.23, AIFC and XEL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/aifc-vs-xel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aifc-vs-xel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIFC correlations · XEL correlations
