POWW vs XRTX: Correlation
Outdoor Holding Company (POWW) and XORTX Therapeutics Inc. (XRTX) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are POWW and XRTX?
Over the past 3 years, POWW and XRTX moved with a correlation of 0.31, which is moderate. The past 12 months show a weaker link (-0.01) than the 3-year average (0.31). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 2165.9 %².
Within POWW's tracked universe of 11 assets, XRTX comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months POWW outperformed by 84.4 percentage points (+46.0% for POWW against -38.4% for XRTX). Risk is not evenly split, since XRTX carries 2.4 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.
POWW vs XRTX: side by side
| POWW (Outdoor Holding Company) | XRTX (XORTX Therapeutics Inc.) | |
|---|---|---|
| 1-year return | +46.0% | -38.4% |
| 5-year return | -70.6% | -99.9% |
| Volatility (ann.) | 54.9% | 129.2% |
| Beta vs S&P 500 | 0.93 | 0.23 |
| Max drawdown (3Y) | -67.5% | -99.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 109.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | POWW | XRTX |
|---|---|---|
| 2022 | -68.3% | -60.6% |
| 2023 | +21.4% | -96.5% |
| 2024 | -47.6% | -51.1% |
| 2025 | +55.5% | -50.3% |
| 2026 | +28.1% | -13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are POWW and XRTX good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between POWW and XRTX?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with -0.01 over the last year and 0.24 over 5 years.
Is XRTX a good diversifier for POWW?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
A reading of 0.31 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/poww-vs-xrtx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/poww-vs-xrtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: POWW correlations · XRTX correlations
