OPAD vs XOS: Correlation
Offerpad Solutions Inc. (OPAD) and Xos, Inc. (XOS) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPAD and XOS?
Over the past 3 years, OPAD and XOS moved with a correlation of 0.48, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.75 versus 0.48 over 3 years. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 25550.0 %².
By 3-year correlation, XOS places #6 of the 24 assets tracked against OPAD. The last year tells two different stories: OPAD led by 15.2 percentage points, +33.3% for OPAD against +18.1% for XOS. One caveat on sizing: OPAD is 3.6 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.
OPAD vs XOS: side by side
| OPAD (Offerpad Solutions Inc.) | XOS (Xos, Inc.) | |
|---|---|---|
| 1-year return | +33.3% | +18.1% |
| 5-year return | -96.7% | -98.2% |
| Volatility (ann.) | 440.7% | 122.0% |
| Beta vs S&P 500 | -1.25 | 0.87 |
| Max drawdown (3Y) | -95.6% | -88.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPAD | XOS |
|---|---|---|
| 2022 | -92.8% | -85.9% |
| 2023 | +48.2% | -40.0% |
| 2024 | -72.2% | -59.4% |
| 2025 | -57.5% | -44.1% |
| 2026 | +270.2% | +95.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPAD and XOS good diversifiers for each other?
Reasonably. At 0.48, OPAD and XOS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OPAD and XOS?
The OPAD/XOS correlation stands at 0.48 on a 3-year window (1 year: 0.75, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is XOS a good diversifier for OPAD?
Reasonably. At 0.48, OPAD and XOS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/opad-vs-xos.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/opad-vs-xos/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OPAD correlations · XOS correlations
