DCI vs XWEL: Correlation
Measured on weekly returns over the past three years, Donaldson Company, Inc. (DCI) and XWELL, Inc. (XWEL) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCI and XWEL?
Over the past 3 years, DCI and XWEL moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.56 versus -0.33 over 3 years. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -1320.5 %².
Among the 15 assets we track against DCI, XWEL sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months DCI outperformed by 21.5 percentage points (+14.0% for DCI against -7.5% for XWEL). Risk is not evenly split, since XWEL carries 9.0 times the volatility of the other side.
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.
DCI vs XWEL: side by side
| DCI (Donaldson Company, Inc.) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | +14.0% | -7.5% |
| 5-year return | +44.4% | -97.2% |
| Volatility (ann.) | 21.0% | 188.4% |
| Beta vs S&P 500 | 0.74 | 0.41 |
| Max drawdown (3Y) | -26.0% | -92.8% |
| Market cap | – | – |
| P/E (trailing) | 24.8 | – |
| Dividend yield | 1.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCI | XWEL |
|---|---|---|
| 2022 | +1.0% | -82.2% |
| 2023 | +12.8% | -75.8% |
| 2024 | +4.6% | -13.2% |
| 2025 | +33.7% | -69.5% |
| 2026 | +5.3% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCI and XWEL good diversifiers for each other?
Yes. With a correlation of -0.33, DCI and XWEL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DCI and XWEL?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.56 over the last year and -0.21 over 5 years.
Is XWEL a good diversifier for DCI?
Yes. With a correlation of -0.33, DCI and XWEL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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
$ curl https://www.pairbook.io/api/v1/pairs/dci-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dci-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DCI correlations · XWEL correlations
