IPW vs LEXX: Correlation
How closely do iPower Inc. (IPW) and Lexaria Bioscience Corp. (LEXX) trade together? Their weekly returns over three years give a correlation of 0.81, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPW and LEXX?
On 3 years of weekly data the IPW/LEXX correlation comes out at 0.81, very strong, meaning they move nearly in lockstep. The link has tightened recently: the 1-year correlation (0.97) runs above the 3-year figure (0.81). The 5-year figure is 0.79, and annualized covariance runs at 183754.7 %².
In IPW's tracked universe of 37 assets, LEXX sits right near the top at #2. The last year tells two different stories: LEXX led by 1316.9 percentage points, -98.6% for IPW against +1218.3% for LEXX.
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.
IPW vs LEXX: side by side
| IPW (iPower Inc.) | LEXX (Lexaria Bioscience Corp.) | |
|---|---|---|
| 1-year return | -98.6% | +1218.3% |
| 5-year return | -99.8% | +89.6% |
| Volatility (ann.) | 405.9% | 559.5% |
| Beta vs S&P 500 | 2.99 | 1.66 |
| Max drawdown (3Y) | -100.0% | -95.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPW | LEXX |
|---|---|---|
| 2022 | -83.2% | -39.0% |
| 2023 | +12.5% | -49.2% |
| 2024 | +85.1% | +68.0% |
| 2025 | -70.1% | -70.6% |
| 2026 | -96.8% | +1793.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPW and LEXX good diversifiers for each other?
No. With a correlation of 0.81, IPW and LEXX move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between IPW and LEXX?
The IPW/LEXX correlation stands at 0.81 on a 3-year window (1 year: 0.97, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is LEXX a good diversifier for IPW?
No. With a correlation of 0.81, IPW and LEXX move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.81 mean?
On the −1 to +1 scale, 0.81 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ipw-vs-lexx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ipw-vs-lexx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IPW correlations · LEXX correlations
