CLYM vs XPEL: Correlation
Climb Bio, Inc. (CLYM) and XPEL, Inc. (XPEL) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLYM and XPEL?
Over the past 3 years, CLYM and XPEL moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.29). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -2038.5 %².
Out of 12 assets tracked against CLYM, XPEL lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months CLYM outperformed by 523.9 percentage points (+559.1% for CLYM against +35.2% for XPEL). Note the risk asymmetry: CLYM runs 2.5 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.
CLYM vs XPEL: side by side
| CLYM (Climb Bio, Inc.) | XPEL (XPEL, Inc.) | |
|---|---|---|
| 1-year return | +559.1% | +35.2% |
| 5-year return | -46.2% | -32.6% |
| Volatility (ann.) | 132.2% | 52.7% |
| Beta vs S&P 500 | 1.11 | 1.03 |
| Max drawdown (3Y) | -88.9% | -70.7% |
| Market cap | $0.9B | $1.4B |
| P/E (trailing) | – | 25.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLYM | XPEL |
|---|---|---|
| 2022 | -64.9% | -12.0% |
| 2023 | -26.4% | -10.3% |
| 2024 | -33.3% | -25.8% |
| 2025 | +122.2% | +25.0% |
| 2026 | +276.5% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLYM and XPEL good diversifiers for each other?
Yes. With a correlation of -0.29, CLYM and XPEL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CLYM and XPEL?
As of 2026-08-27, the correlation of weekly returns between CLYM and XPEL is -0.29 over 3 years, 0.01 over 1 year and -0.19 over 5 years.
Is XPEL a good diversifier for CLYM?
Yes. With a correlation of -0.29, CLYM and XPEL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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
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Related comparisons
Hubs: CLYM correlations · XPEL correlations
