DRVN vs XWEL: Correlation
How closely do Driven Brands Holdings Inc. (DRVN) and XWELL, Inc. (XWEL) trade together? Their weekly returns over three years give a correlation of -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRVN and XWEL?
On 3 years of weekly data the DRVN/XWEL correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.62 versus -0.39 over 3 years. The 5-year figure is -0.25, and annualized covariance runs at -3200.3 %².
Out of 11 assets tracked against DRVN, XWEL lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months XWEL outperformed by 23.7 percentage points (-31.2% for DRVN against -7.5% for XWEL). Risk is not evenly split, since XWEL carries 4.4 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.
DRVN vs XWEL: side by side
| DRVN (Driven Brands Holdings Inc.) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | -31.2% | -7.5% |
| 5-year return | -57.4% | -97.2% |
| Volatility (ann.) | 43.3% | 188.4% |
| Beta vs S&P 500 | 0.77 | 0.41 |
| Max drawdown (3Y) | -46.4% | -92.8% |
| Market cap | $2.1B | – |
| P/E (trailing) | 13.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRVN | XWEL |
|---|---|---|
| 2022 | -18.8% | -82.2% |
| 2023 | -47.8% | -75.8% |
| 2024 | +13.2% | -13.2% |
| 2025 | -8.2% | -69.5% |
| 2026 | -14.6% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRVN and XWEL good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between DRVN and XWEL?
As of 2026-08-27, the correlation of weekly returns between DRVN and XWEL is -0.39 over 3 years, -0.62 over 1 year and -0.25 over 5 years.
Is XWEL a good diversifier for DRVN?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 mean?
A reading of -0.39 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/drvn-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/drvn-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DRVN correlations · XWEL correlations
