GOSS vs XWEL: Correlation
Gossamer Bio, Inc. (GOSS) and XWELL, Inc. (XWEL) show a negative relationship: their 3-year correlation of weekly returns is -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOSS and XWEL?
Across a 3-year window, the weekly returns of GOSS and XWEL correlate at -0.36, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.66 versus -0.36 over 3 years. Stretching to 5 years gives -0.24, with an annualized covariance of -7224.7 %².
Among the 11 assets we track against GOSS, XWEL sits near the bottom by co-movement, at rank #11. The last year tells two different stories: XWEL led by 85.6 percentage points, -93.1% for GOSS against -7.5% for XWEL. Note the risk asymmetry: XWEL runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GOSS vs XWEL: side by side
| GOSS (Gossamer Bio, Inc.) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | -93.1% | -7.5% |
| 5-year return | -98.3% | -97.2% |
| Volatility (ann.) | 106.7% | 188.4% |
| Beta vs S&P 500 | 1.89 | 0.41 |
| Max drawdown (3Y) | -96.4% | -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 | GOSS | XWEL |
|---|---|---|
| 2022 | -80.8% | -82.2% |
| 2023 | -57.9% | -75.8% |
| 2024 | -0.9% | -13.2% |
| 2025 | +242.5% | -69.5% |
| 2026 | -94.5% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOSS and XWEL good diversifiers for each other?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
FAQ
What is the correlation between GOSS and XWEL?
As of 2026-08-27, the correlation of weekly returns between GOSS and XWEL is -0.36 over 3 years, -0.66 over 1 year and -0.24 over 5 years.
Is XWEL a good diversifier for GOSS?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
What does a correlation of -0.36 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/goss-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/goss-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GOSS correlations · XWEL correlations
