AKAN vs MXL: Correlation
How closely do Akanda Corp. (AKAN) and MaxLinear, Inc (MXL) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and MXL?
On 3 years of weekly data the AKAN/MXL correlation comes out at 0.52, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.63 versus 0.52 over 3 years. The 5-year figure is 0.48, and annualized covariance runs at 15504.3 %².
In AKAN's tracked universe of 26 assets, MXL sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months MXL outperformed by 374.1 percentage points (-95.2% for AKAN against +278.9% for MXL). Note the risk asymmetry: AKAN runs 2.7 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.
AKAN vs MXL: side by side
| AKAN (Akanda Corp.) | MXL (MaxLinear, Inc) | |
|---|---|---|
| 1-year return | -95.2% | +278.9% |
| 5-year return | -100.0% | +19.8% |
| Volatility (ann.) | 285.6% | 105.2% |
| Beta vs S&P 500 | 2.86 | 2.50 |
| Max drawdown (3Y) | -99.9% | -63.9% |
| Market cap | – | $5.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKAN | MXL |
|---|---|---|
| 2022 | – | -55.0% |
| 2023 | -70.5% | -30.0% |
| 2024 | -95.5% | -16.8% |
| 2025 | -90.9% | -11.9% |
| 2026 | -58.9% | +263.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and MXL good diversifiers for each other?
To a limited degree. At 0.52 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 AKAN and MXL?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.63 over the last year and 0.48 over 5 years.
Is MXL a good diversifier for AKAN?
To a limited degree. At 0.52 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 0.52 mean?
On the −1 to +1 scale, 0.52 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/akan-vs-mxl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akan-vs-mxl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AKAN correlations · MXL correlations
