FKWL vs XTIA: Correlation
Measured on weekly returns over the past three years, Franklin Wireless Corp. (FKWL) and XTI Aerospace, Inc. (XTIA) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FKWL and XTIA?
Over the past 3 years, FKWL and XTIA moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.22 over 3 years. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -944.5 %².
Among the 11 assets we track against FKWL, XTIA sits near the bottom by co-movement, at rank #9. The last year tells two different stories: XTIA led by 16.4 percentage points, -41.4% for FKWL against -25.0% for XTIA. Risk is not evenly split, since XTIA carries 3.8 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.
FKWL vs XTIA: side by side
| FKWL (Franklin Wireless Corp.) | XTIA (XTI Aerospace, Inc.) | |
|---|---|---|
| 1-year return | -41.4% | -25.0% |
| 5-year return | -69.6% | -100.0% |
| Volatility (ann.) | 33.9% | 127.5% |
| Beta vs S&P 500 | 0.02 | 0.29 |
| Max drawdown (3Y) | -67.3% | -100.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FKWL | XTIA |
|---|---|---|
| 2022 | +2.1% | -96.2% |
| 2023 | -24.0% | -96.7% |
| 2024 | +44.5% | -99.2% |
| 2025 | -10.1% | -88.5% |
| 2026 | -43.7% | +11.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FKWL and XTIA good diversifiers for each other?
Yes. With a correlation of -0.22, FKWL and XTIA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FKWL and XTIA?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with 0.02 over the last year and -0.13 over 5 years.
Is XTIA a good diversifier for FKWL?
Yes. With a correlation of -0.22, FKWL and XTIA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/fkwl-vs-xtia.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fkwl-vs-xtia/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FKWL correlations · XTIA correlations
