ODD vs XWEL: Correlation
Measured on weekly returns over the past three years, ODDITY Tech Ltd. - Class A (ODD) and XWELL, Inc. (XWEL) carry a correlation of -0.47, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ODD and XWEL?
On 3 years of weekly data the ODD/XWEL correlation comes out at -0.47, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.70) than the 3-year average (-0.47). The 5-year figure is n/a, and annualized covariance runs at -6773.8 %².
XWEL is close to the least connected end of ODD's tracked universe, ranking #12 of 12. Correlation aside, the last 12 months split them widely, with XWEL ahead by 67.7 points (-75.2% versus -7.5%). One caveat on sizing: XWEL is 2.5 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.
ODD vs XWEL: side by side
| ODD (ODDITY Tech Ltd. - Class A) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | -75.2% | -7.5% |
| 5-year return | n/a | -97.2% |
| Volatility (ann.) | 75.9% | 188.4% |
| Beta vs S&P 500 | 1.78 | 0.41 |
| Max drawdown (3Y) | -87.3% | -92.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | 18.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ODD | XWEL |
|---|---|---|
| 2022 | – | -82.2% |
| 2023 | – | -75.8% |
| 2024 | -9.7% | -13.2% |
| 2025 | -4.4% | -69.5% |
| 2026 | -62.7% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ODD and XWEL good diversifiers for each other?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
FAQ
What is the correlation between ODD and XWEL?
The ODD/XWEL correlation stands at -0.47 on a 3-year window (1 year: -0.70, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is XWEL a good diversifier for ODD?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
What does a correlation of -0.47 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/odd-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/odd-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ODD correlations · XWEL correlations
