ICON vs XTIA: Correlation
Icon Energy Corp. (ICON) and XTI Aerospace, Inc. (XTIA) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICON and XTIA?
Over the past 3 years, ICON and XTIA moved with a correlation of 0.43, which is moderate. The past 12 months show a weaker link (0.01) than the 3-year average (0.43). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 6245.0 %².
In ICON's tracked universe of 15 assets, XTIA sits right near the top at #2. The last year tells two different stories: XTIA led by 66.1 percentage points, -91.1% for ICON against -25.0% for XTIA.
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.
ICON vs XTIA: side by side
| ICON (Icon Energy Corp.) | XTIA (XTI Aerospace, Inc.) | |
|---|---|---|
| 1-year return | -91.1% | -25.0% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 114.3% | 127.5% |
| Beta vs S&P 500 | 2.01 | 0.29 |
| Max drawdown (3Y) | -99.9% | -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 | ICON | XTIA |
|---|---|---|
| 2022 | – | -96.2% |
| 2023 | – | -96.7% |
| 2024 | – | -99.2% |
| 2025 | -99.2% | -88.5% |
| 2026 | -71.1% | +11.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICON and XTIA good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ICON and XTIA?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.01 over the last year and n/a over 5 years.
Is XTIA a good diversifier for ICON?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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/icon-vs-xtia.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/icon-vs-xtia/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ICON correlations · XTIA correlations
