PMVP vs XWEL: Correlation
Measured on weekly returns over the past three years, PMV Pharmaceuticals, Inc. (PMVP) and XWELL, Inc. (XWEL) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PMVP and XWEL?
Over the past 3 years, PMVP and XWEL moved with a correlation of 0.47, which is moderate. The link has tightened recently: the 1-year correlation (0.81) runs above the 3-year figure (0.47). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 7643.6 %².
Few assets follow PMVP as closely as XWEL, which ranks #2 of 14 tracked partners. The trailing year gives XWEL the advantage: -12.7% versus -7.5%, a 5.2-point spread. Risk is not evenly split, since XWEL carries 2.2 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.
PMVP vs XWEL: side by side
| PMVP (PMV Pharmaceuticals, Inc.) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | -12.7% | -7.5% |
| 5-year return | -95.9% | -97.2% |
| Volatility (ann.) | 86.3% | 188.4% |
| Beta vs S&P 500 | 1.29 | 0.41 |
| Max drawdown (3Y) | -88.8% | -92.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PMVP | XWEL |
|---|---|---|
| 2022 | -62.3% | -82.2% |
| 2023 | -64.4% | -75.8% |
| 2024 | -51.3% | -13.2% |
| 2025 | -17.2% | -69.5% |
| 2026 | -0.8% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PMVP and XWEL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PMVP and XWEL?
As of 2026-08-27, the correlation of weekly returns between PMVP and XWEL is 0.47 over 3 years, 0.81 over 1 year and 0.39 over 5 years.
Is XWEL a good diversifier for PMVP?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/pmvp-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pmvp-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PMVP correlations · XWEL correlations
