BOOM vs XWEL: Correlation
DMC Global Inc. (BOOM) and XWELL, Inc. (XWEL) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOOM and XWEL?
Across a 3-year window, the weekly returns of BOOM and XWEL correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.44) runs below the 3-year figure (-0.24). Stretching to 5 years gives -0.17, with an annualized covariance of -2690.4 %².
Among the 10 assets we track against BOOM, XWEL sits near the bottom by co-movement, at rank #10. On 12-month performance BOOM holds a 14.2-point edge, +6.7% against -7.5%. One caveat on sizing: XWEL is 3.1 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.
BOOM vs XWEL: side by side
| BOOM (DMC Global Inc.) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | +6.7% | -7.5% |
| 5-year return | -82.6% | -97.2% |
| Volatility (ann.) | 60.2% | 188.4% |
| Beta vs S&P 500 | 1.12 | 0.41 |
| Max drawdown (3Y) | -82.3% | -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 | BOOM | XWEL |
|---|---|---|
| 2022 | -50.9% | -82.2% |
| 2023 | -3.2% | -75.8% |
| 2024 | -60.9% | -13.2% |
| 2025 | -9.0% | -69.5% |
| 2026 | +4.5% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOOM and XWEL good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BOOM and XWEL?
The BOOM/XWEL correlation stands at -0.24 on a 3-year window (1 year: -0.44, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is XWEL a good diversifier for BOOM?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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/boom-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/boom-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BOOM correlations · XWEL correlations
