PFX vs XWEL: Correlation
Measured on weekly returns over the past three years, PhenixFIN Corporation (PFX) and XWELL, Inc. (XWEL) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFX and XWEL?
Across a 3-year window, the weekly returns of PFX and XWEL correlate at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Stretching to 5 years gives 0.25, with an annualized covariance of 1364.0 %².
Among the 18 assets we track against PFX, XWEL ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PFX ahead by 15.4 points (+7.9% versus -7.5%). Risk is not evenly split, since XWEL carries 8.3 times the volatility of the other side.
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.
PFX vs XWEL: side by side
| PFX (PhenixFIN Corporation) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | +7.9% | -7.5% |
| 5-year return | +36.0% | -97.2% |
| Volatility (ann.) | 22.8% | 188.4% |
| Beta vs S&P 500 | 0.08 | 0.41 |
| Max drawdown (3Y) | -29.6% | -92.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 22.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PFX | XWEL |
|---|---|---|
| 2022 | -25.5% | -82.2% |
| 2023 | +36.1% | -75.8% |
| 2024 | +23.3% | -13.2% |
| 2025 | -10.1% | -69.5% |
| 2026 | +19.6% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFX and XWEL good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PFX and XWEL?
As of 2026-08-27, the correlation of weekly returns between PFX and XWEL is 0.32 over 3 years, 0.40 over 1 year and 0.25 over 5 years.
Is XWEL a good diversifier for PFX?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 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/pfx-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pfx-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PFX correlations · XWEL correlations
