CLPT vs XELB: Correlation
How closely do ClearPoint Neuro Inc. (CLPT) and Xcel Brands, Inc (XELB) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPT and XELB?
On 3 years of weekly data the CLPT/XELB correlation comes out at 0.38, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.38 over 3 years. The 5-year figure is 0.30, and annualized covariance runs at 2965.3 %².
Among the 19 assets we track against CLPT, XELB ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CLPT outperformed by 80.3 percentage points (+49.8% for CLPT against -30.5% for XELB).
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.
CLPT vs XELB: side by side
| CLPT (ClearPoint Neuro Inc.) | XELB (Xcel Brands, Inc) | |
|---|---|---|
| 1-year return | +49.8% | -30.5% |
| 5-year return | -12.5% | -94.9% |
| Volatility (ann.) | 91.6% | 86.2% |
| Beta vs S&P 500 | 1.76 | 1.33 |
| Max drawdown (3Y) | -70.7% | -95.5% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLPT | XELB |
|---|---|---|
| 2022 | -24.5% | -35.8% |
| 2023 | -19.8% | +84.2% |
| 2024 | +126.5% | -60.1% |
| 2025 | -11.1% | -79.0% |
| 2026 | +16.5% | -13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPT and XELB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLPT and XELB?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.52 over the last year and 0.30 over 5 years.
Is XELB a good diversifier for CLPT?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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/clpt-vs-xelb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clpt-vs-xelb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLPT correlations · XELB correlations
