GXAI vs WCC: Correlation
How closely do Gaxos.ai Inc. (GXAI) and WESCO International, Inc. (WCC) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GXAI and WCC?
On 3 years of weekly data the GXAI/WCC correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.13) than the 3-year average (-0.28). The 5-year figure is n/a, and annualized covariance runs at -2018.2 %².
WCC is close to the least connected end of GXAI's tracked universe, ranking #18 of 19. Their recent paths diverged sharply: over the last 12 months WCC outperformed by 115.0 percentage points (-59.6% for GXAI against +55.4% for WCC). Risk is not evenly split, since GXAI carries 5.0 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.
GXAI vs WCC: side by side
| GXAI (Gaxos.ai Inc.) | WCC (WESCO International, Inc.) | |
|---|---|---|
| 1-year return | -59.6% | +55.4% |
| 5-year return | n/a | +203.7% |
| Volatility (ann.) | 191.3% | 38.3% |
| Beta vs S&P 500 | 0.51 | 1.59 |
| Max drawdown (3Y) | -93.5% | -37.4% |
| Market cap | – | $17.1B |
| P/E (trailing) | – | 24.0 |
| Dividend yield | 0.00% | 0.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GXAI | WCC |
|---|---|---|
| 2022 | – | -4.9% |
| 2023 | – | +40.2% |
| 2024 | -37.0% | +5.1% |
| 2025 | -58.4% | +36.4% |
| 2026 | -24.1% | +43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GXAI and WCC good diversifiers for each other?
Yes. With a correlation of -0.28, GXAI and WCC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GXAI and WCC?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.13 over the last year and n/a over 5 years.
Is WCC a good diversifier for GXAI?
Yes. With a correlation of -0.28, GXAI and WCC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
A reading of -0.28 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/gxai-vs-wcc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gxai-vs-wcc/)
No key needed, free to use. Full endpoint list in the API documentation.
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Hubs: GXAI correlations · WCC correlations
