ELTX vs XWEL: Correlation
Elicio Therapeutics, Inc. (ELTX) and XWELL, Inc. (XWEL) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELTX and XWEL?
On 3 years of weekly data the ELTX/XWEL correlation comes out at 0.31, moderate. The link has tightened recently: the 1-year correlation (0.45) runs above the 3-year figure (0.31). The 5-year figure is 0.24, and annualized covariance runs at 5431.8 %².
By 3-year correlation, XWEL places #5 of the 11 assets tracked against ELTX. Their recent paths diverged sharply: over the last 12 months XWEL outperformed by 63.6 percentage points (-71.1% for ELTX against -7.5% for XWEL). Risk is not evenly split, since XWEL carries 2.0 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.
ELTX vs XWEL: side by side
| ELTX (Elicio Therapeutics, Inc.) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | -71.1% | -7.5% |
| 5-year return | -97.2% | -97.2% |
| Volatility (ann.) | 93.6% | 188.4% |
| Beta vs S&P 500 | 0.68 | 0.41 |
| Max drawdown (3Y) | -81.4% | -92.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELTX | XWEL |
|---|---|---|
| 2022 | -72.0% | -82.2% |
| 2023 | +2.7% | -75.8% |
| 2024 | -38.8% | -13.2% |
| 2025 | +56.1% | -69.5% |
| 2026 | -62.3% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELTX and XWEL good diversifiers for each other?
Reasonably. At 0.31, ELTX and XWEL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ELTX and XWEL?
As of 2026-08-27, the correlation of weekly returns between ELTX and XWEL is 0.31 over 3 years, 0.45 over 1 year and 0.24 over 5 years.
Is XWEL a good diversifier for ELTX?
Reasonably. At 0.31, ELTX and XWEL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 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/eltx-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eltx-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ELTX correlations · XWEL correlations
