KRYS vs XEL: Correlation
How closely do Krystal Biotech, Inc. (KRYS) and Xcel Energy (XEL) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRYS and XEL?
Over the past 3 years, KRYS and XEL moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.09) runs above the 3-year figure (-0.24). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -248.3 %².
XEL is close to the least connected end of KRYS's tracked universe, ranking #18 of 18. Correlation aside, the last 12 months split them widely, with KRYS ahead by 132.9 points (+142.1% versus +9.2%). Note the risk asymmetry: KRYS runs 2.5 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.
KRYS vs XEL: side by side
| KRYS (Krystal Biotech, Inc.) | XEL (Xcel Energy) | |
|---|---|---|
| 1-year return | +142.1% | +9.2% |
| 5-year return | +523.2% | +31.1% |
| Volatility (ann.) | 50.8% | 20.7% |
| Beta vs S&P 500 | 0.77 | 0.09 |
| Max drawdown (3Y) | -42.3% | -24.0% |
| Market cap | $10.6B | $48.2B |
| P/E (trailing) | 44.7 | 21.3 |
| Dividend yield | 0.00% | 2.99% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | KRYS | XEL |
|---|---|---|
| 2022 | +13.3% | +6.4% |
| 2023 | +56.6% | -8.7% |
| 2024 | +26.3% | +12.3% |
| 2025 | +57.4% | +13.9% |
| 2026 | +45.0% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRYS and XEL good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between KRYS and XEL?
As of 2026-08-27, the correlation of weekly returns between KRYS and XEL is -0.24 over 3 years, -0.09 over 1 year and -0.07 over 5 years.
Is XEL a good diversifier for KRYS?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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/krys-vs-xel.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KRYS correlations · XEL correlations
