MET vs XWEL: Correlation
MetLife (MET) and XWELL, Inc. (XWEL) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MET and XWEL?
Across a 3-year window, the weekly returns of MET and XWEL correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.19 over 3 years. Stretching to 5 years gives -0.10, with an annualized covariance of -843.7 %².
Out of 37 assets tracked against MET, XWEL lands near the bottom at #33. Their recent paths diverged sharply: over the last 12 months MET outperformed by 29.6 percentage points (+22.1% for MET against -7.5% for XWEL). One caveat on sizing: XWEL is 8.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MET vs XWEL: side by side
| MET (MetLife) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | +22.1% | -7.5% |
| 5-year return | +80.8% | -97.2% |
| Volatility (ann.) | 23.3% | 188.4% |
| Beta vs S&P 500 | 0.89 | 0.41 |
| Max drawdown (3Y) | -22.0% | -92.8% |
| Market cap | $61.2B | – |
| P/E (trailing) | 18.5 | – |
| Dividend yield | 2.38% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | MET | XWEL |
|---|---|---|
| 2022 | +19.2% | -82.2% |
| 2023 | -5.5% | -75.8% |
| 2024 | +27.7% | -13.2% |
| 2025 | -0.8% | -69.5% |
| 2026 | +24.5% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MET and XWEL good diversifiers for each other?
Yes. With a correlation of -0.19, MET and XWEL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MET and XWEL?
The MET/XWEL correlation stands at -0.19 on a 3-year window (1 year: -0.43, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is XWEL a good diversifier for MET?
Yes. With a correlation of -0.19, MET and XWEL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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/met-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/met-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MET correlations · XWEL correlations
