ASPS vs XWEL: Correlation
Altisource Portfolio Solutions S.A. (ASPS) and XWELL, Inc. (XWEL) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASPS and XWEL?
On 3 years of weekly data the ASPS/XWEL correlation comes out at 0.30, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.64 versus 0.30 over 3 years. The 5-year figure is 0.24, and annualized covariance runs at 4880.3 %².
Within ASPS's tracked universe of 17 assets, XWEL comes in at #4 by 3-year correlation. The last year tells two different stories: XWEL led by 44.9 percentage points, -52.4% for ASPS against -7.5% for XWEL. Note the risk asymmetry: XWEL runs 2.2 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.
ASPS vs XWEL: side by side
| ASPS (Altisource Portfolio Solutions S.A.) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | -52.4% | -7.5% |
| 5-year return | -93.2% | -97.2% |
| Volatility (ann.) | 85.7% | 188.4% |
| Beta vs S&P 500 | -0.36 | 0.41 |
| Max drawdown (3Y) | -88.8% | -92.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASPS | XWEL |
|---|---|---|
| 2022 | -15.7% | -82.2% |
| 2023 | -62.4% | -75.8% |
| 2024 | -81.5% | -13.2% |
| 2025 | +31.6% | -69.5% |
| 2026 | -19.8% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASPS and XWEL good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ASPS and XWEL?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.64 over the last year and 0.24 over 5 years.
Is XWEL a good diversifier for ASPS?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asps-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asps-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASPS correlations · XWEL correlations
