LASE vs XOS: Correlation
How closely do Laser Photonics Corporation (LASE) and Xos, Inc. (XOS) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LASE and XOS?
On 3 years of weekly data the LASE/XOS correlation comes out at 0.42, moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.42). The 5-year figure is 0.34, and annualized covariance runs at 10836.9 %².
By 3-year correlation, XOS places #5 of the 14 assets tracked against LASE. Correlation aside, the last 12 months split them widely, with XOS ahead by 83.0 points (-64.9% versus +18.1%). Risk is not evenly split, since LASE carries 1.7 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.
LASE vs XOS: side by side
| LASE (Laser Photonics Corporation) | XOS (Xos, Inc.) | |
|---|---|---|
| 1-year return | -64.9% | +18.1% |
| 5-year return | n/a | -98.2% |
| Volatility (ann.) | 212.3% | 122.0% |
| Beta vs S&P 500 | 0.04 | 0.87 |
| Max drawdown (3Y) | -96.8% | -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 | LASE | XOS |
|---|---|---|
| 2022 | – | -85.9% |
| 2023 | -42.2% | -40.0% |
| 2024 | +389.8% | -59.4% |
| 2025 | -57.3% | -44.1% |
| 2026 | -35.6% | +95.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LASE and XOS good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LASE and XOS?
As of 2026-08-27, the correlation of weekly returns between LASE and XOS is 0.42 over 3 years, 0.68 over 1 year and 0.34 over 5 years.
Is XOS a good diversifier for LASE?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lase-vs-xos.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lase-vs-xos/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LASE correlations · XOS correlations
