KXIN vs PW: Correlation
Measured on weekly returns over the past three years, Kaixin Holdings (KXIN) and Power REIT (MD) (PW) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KXIN and PW?
Over the past 3 years, KXIN and PW moved with a correlation of 0.33, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.33 over 3 years. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 11170.7 %².
Among the 15 assets we track against KXIN, PW ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PW ahead by 46.7 points (-99.5% versus -52.8%). Note the risk asymmetry: KXIN runs 2.2 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.
KXIN vs PW: side by side
| KXIN (Kaixin Holdings) | PW (Power REIT (MD)) | |
|---|---|---|
| 1-year return | -99.5% | -52.8% |
| 5-year return | -100.0% | -98.2% |
| Volatility (ann.) | 272.9% | 123.7% |
| Beta vs S&P 500 | 2.71 | 0.51 |
| Max drawdown (3Y) | -100.0% | -79.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KXIN | PW |
|---|---|---|
| 2022 | -74.3% | -94.3% |
| 2023 | -80.0% | -83.5% |
| 2024 | -97.1% | +104.6% |
| 2025 | -88.6% | -33.8% |
| 2026 | -98.1% | -12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KXIN and PW good diversifiers for each other?
Reasonably. At 0.33, KXIN and PW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KXIN and PW?
As of 2026-08-27, the correlation of weekly returns between KXIN and PW is 0.33 over 3 years, -0.03 over 1 year and 0.28 over 5 years.
Is PW a good diversifier for KXIN?
Reasonably. At 0.33, KXIN and PW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: KXIN correlations · PW correlations
