CRI vs XWEL: Correlation
Measured on weekly returns over the past three years, Carter's, Inc. (CRI) and XWELL, Inc. (XWEL) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRI and XWEL?
On 3 years of weekly data the CRI/XWEL correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.54) than the 3-year average (-0.31). The 5-year figure is -0.23, and annualized covariance runs at -2386.6 %².
XWEL is close to the least connected end of CRI's tracked universe, ranking #11 of 11. Correlation aside, the last 12 months split them widely, with CRI ahead by 28.3 points (+20.8% versus -7.5%). One caveat on sizing: XWEL is 4.6 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.
CRI vs XWEL: side by side
| CRI (Carter's, Inc.) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | +20.8% | -7.5% |
| 5-year return | -61.2% | -97.2% |
| Volatility (ann.) | 40.6% | 188.4% |
| Beta vs S&P 500 | 0.79 | 0.41 |
| Max drawdown (3Y) | -71.3% | -92.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | 6.4 | – |
| Dividend yield | 2.92% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRI | XWEL |
|---|---|---|
| 2022 | -23.4% | -82.2% |
| 2023 | +4.9% | -75.8% |
| 2024 | -24.0% | -13.2% |
| 2025 | -37.4% | -69.5% |
| 2026 | +4.3% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRI and XWEL good diversifiers for each other?
Yes. With a correlation of -0.31, CRI and XWEL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRI and XWEL?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.54 over the last year and -0.23 over 5 years.
Is XWEL a good diversifier for CRI?
Yes. With a correlation of -0.31, CRI and XWEL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 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/cri-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cri-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRI correlations · XWEL correlations
