CSX vs IPW: Correlation
CSX Corporation (CSX) and iPower Inc. (IPW) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSX and IPW?
Across a 3-year window, the weekly returns of CSX and IPW correlate at -0.19, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.32) runs below the 3-year figure (-0.19). Stretching to 5 years gives -0.12, with an annualized covariance of -1532.7 %².
By 3-year correlation, IPW places #25 of the 30 assets tracked against CSX. Their recent paths diverged sharply: over the last 12 months CSX outperformed by 159.2 percentage points (+60.6% for CSX against -98.6% for IPW). Note the risk asymmetry: IPW runs 20.6 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.
CSX vs IPW: side by side
| CSX (CSX Corporation) | IPW (iPower Inc.) | |
|---|---|---|
| 1-year return | +60.6% | -98.6% |
| 5-year return | +66.2% | -99.8% |
| Volatility (ann.) | 19.7% | 405.9% |
| Beta vs S&P 500 | 0.62 | 2.99 |
| Max drawdown (3Y) | -29.4% | -100.0% |
| Market cap | $95.5B | – |
| P/E (trailing) | 30.1 | – |
| Dividend yield | 1.04% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CSX | IPW |
|---|---|---|
| 2022 | -16.6% | -83.2% |
| 2023 | +13.5% | +12.5% |
| 2024 | -5.6% | +85.1% |
| 2025 | +14.1% | -70.1% |
| 2026 | +43.1% | -96.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSX and IPW good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between CSX and IPW?
As of 2026-08-27, the correlation of weekly returns between CSX and IPW is -0.19 over 3 years, -0.32 over 1 year and -0.12 over 5 years.
Is IPW a good diversifier for CSX?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 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/csx-vs-ipw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/csx-vs-ipw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CSX correlations · IPW correlations
