KVHI vs XOS: Correlation
KVH Industries, Inc. (KVHI) and Xos, Inc. (XOS) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KVHI and XOS?
Over the past 3 years, KVHI and XOS moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.42) runs below the 3-year figure (-0.28). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -1441.3 %².
Among the 19 assets we track against KVHI, XOS sits near the bottom by co-movement, at rank #16. The last year tells two different stories: KVHI led by 21.8 percentage points, +39.9% for KVHI against +18.1% for XOS. Risk is not evenly split, since XOS carries 2.9 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.
KVHI vs XOS: side by side
| KVHI (KVH Industries, Inc.) | XOS (Xos, Inc.) | |
|---|---|---|
| 1-year return | +39.9% | +18.1% |
| 5-year return | -25.9% | -98.2% |
| Volatility (ann.) | 41.7% | 122.0% |
| Beta vs S&P 500 | 0.20 | 0.87 |
| Max drawdown (3Y) | -35.9% | -88.1% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KVHI | XOS |
|---|---|---|
| 2022 | +11.2% | -85.9% |
| 2023 | -48.5% | -40.0% |
| 2024 | +8.4% | -59.4% |
| 2025 | +22.3% | -44.1% |
| 2026 | +10.8% | +95.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KVHI and XOS good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KVHI and XOS?
As of 2026-08-27, the correlation of weekly returns between KVHI and XOS is -0.28 over 3 years, -0.42 over 1 year and -0.12 over 5 years.
Is XOS a good diversifier for KVHI?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/kvhi-vs-xos.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kvhi-vs-xos/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KVHI correlations · XOS correlations
