NOMD vs XWEL: Correlation
Measured on weekly returns over the past three years, Nomad Foods Limited (NOMD) and XWELL, Inc. (XWEL) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NOMD and XWEL?
Over the past 3 years, NOMD and XWEL moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.52 versus -0.31 over 3 years. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -1619.7 %².
XWEL is close to the least connected end of NOMD's tracked universe, ranking #14 of 14. The trailing year gives XWEL the advantage: -18.2% versus -7.5%, a 10.7-point spread. Note the risk asymmetry: XWEL runs 6.8 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.
NOMD vs XWEL: side by side
| NOMD (Nomad Foods Limited) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | -18.2% | -7.5% |
| 5-year return | -48.6% | -97.2% |
| Volatility (ann.) | 27.7% | 188.4% |
| Beta vs S&P 500 | 0.16 | 0.41 |
| Max drawdown (3Y) | -52.8% | -92.8% |
| Market cap | – | – |
| P/E (trailing) | 12.0 | – |
| Dividend yield | 4.83% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NOMD | XWEL |
|---|---|---|
| 2022 | -32.1% | -82.2% |
| 2023 | -1.7% | -75.8% |
| 2024 | +2.4% | -13.2% |
| 2025 | -22.1% | -69.5% |
| 2026 | +0.4% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NOMD and XWEL good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NOMD and XWEL?
The NOMD/XWEL correlation stands at -0.31 on a 3-year window (1 year: -0.52, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is XWEL a good diversifier for NOMD?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 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/nomd-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nomd-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NOMD correlations · XWEL correlations
