DGII vs XPEL: Correlation
Measured on weekly returns over the past three years, Digi International Inc. (DGII) and XPEL, Inc. (XPEL) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGII and XPEL?
Over the past 3 years, DGII and XPEL moved with a correlation of 0.55, which is moderate. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.55). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 1153.4 %².
By 3-year correlation, XPEL places #4 of the 10 assets tracked against DGII. Correlation aside, the last 12 months split them widely, with DGII ahead by 90.8 points (+126.0% versus +35.2%).
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.
DGII vs XPEL: side by side
| DGII (Digi International Inc.) | XPEL (XPEL, Inc.) | |
|---|---|---|
| 1-year return | +126.0% | +35.2% |
| 5-year return | +253.2% | -32.6% |
| Volatility (ann.) | 40.0% | 52.7% |
| Beta vs S&P 500 | 1.26 | 1.03 |
| Max drawdown (3Y) | -35.2% | -70.7% |
| Market cap | $2.9B | $1.4B |
| P/E (trailing) | 60.5 | 25.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DGII | XPEL |
|---|---|---|
| 2022 | +48.8% | -12.0% |
| 2023 | -28.9% | -10.3% |
| 2024 | +16.3% | -25.8% |
| 2025 | +43.2% | +25.0% |
| 2026 | +78.9% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGII and XPEL good diversifiers for each other?
Only partially. A correlation of 0.55 means DGII and XPEL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DGII and XPEL?
As of 2026-08-27, the correlation of weekly returns between DGII and XPEL is 0.55 over 3 years, 0.28 over 1 year and 0.41 over 5 years.
Is XPEL a good diversifier for DGII?
Only partially. A correlation of 0.55 means DGII and XPEL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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
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Related comparisons
Hubs: DGII correlations · XPEL correlations
