MXC vs XTIA: Correlation
Mexco Energy Corporation (MXC) and XTI Aerospace, Inc. (XTIA) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXC and XTIA?
Over the past 3 years, MXC and XTIA moved with a correlation of 0.59, which is moderate. The link has loosened recently: the 1-year correlation (0.40) runs below the 3-year figure (0.59). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 4638.7 %².
Few assets follow MXC as closely as XTIA, which ranks #2 of 56 tracked partners. Their recent paths diverged sharply: over the last 12 months MXC outperformed by 46.6 percentage points (+21.6% for MXC against -25.0% for XTIA). Note the risk asymmetry: XTIA runs 2.1 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.
MXC vs XTIA: side by side
| MXC (Mexco Energy Corporation) | XTIA (XTI Aerospace, Inc.) | |
|---|---|---|
| 1-year return | +21.6% | -25.0% |
| 5-year return | +7.2% | -100.0% |
| Volatility (ann.) | 62.1% | 127.5% |
| Beta vs S&P 500 | -0.31 | 0.29 |
| Max drawdown (3Y) | -60.6% | -100.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | 13.0 | – |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MXC | XTIA |
|---|---|---|
| 2022 | +33.0% | -96.2% |
| 2023 | -26.2% | -96.7% |
| 2024 | +24.6% | -99.2% |
| 2025 | -10.8% | -88.5% |
| 2026 | -0.6% | +11.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXC and XTIA good diversifiers for each other?
Only partially. A correlation of 0.59 means MXC and XTIA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MXC and XTIA?
The MXC/XTIA correlation stands at 0.59 on a 3-year window (1 year: 0.40, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is XTIA a good diversifier for MXC?
Only partially. A correlation of 0.59 means MXC and XTIA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/mxc-vs-xtia.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mxc-vs-xtia/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MXC correlations · XTIA correlations
