REAX vs XPON: Correlation
Measured on weekly returns over the past three years, Real REMAX Group Inc. (REAX) and Expion360 Inc. (XPON) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REAX and XPON?
Across a 3-year window, the weekly returns of REAX and XPON correlate at 0.53, moderate. The past 12 months show a tighter link (0.89) than the 3-year average (0.53). Stretching to 5 years gives 0.44, with an annualized covariance of 35627.8 %².
Within REAX's tracked universe of 18 assets, XPON comes in at #9 by 3-year correlation. The last year tells two different stories: REAX led by 417.1 percentage points, +357.1% for REAX against -60.0% for XPON. One caveat on sizing: REAX is 3.2 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.
REAX vs XPON: side by side
| REAX (Real REMAX Group Inc.) | XPON (Expion360 Inc.) | |
|---|---|---|
| 1-year return | +357.1% | -60.0% |
| 5-year return | +1133.9% | -99.9% |
| Volatility (ann.) | 463.3% | 144.0% |
| Beta vs S&P 500 | 1.90 | 1.37 |
| Max drawdown (3Y) | -76.1% | -100.0% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | REAX | XPON |
|---|---|---|
| 2022 | -71.5% | – |
| 2023 | +52.4% | +134.3% |
| 2024 | +187.5% | -99.6% |
| 2025 | -20.7% | -71.6% |
| 2026 | +547.4% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REAX and XPON good diversifiers for each other?
Only partially. A correlation of 0.53 means REAX and XPON share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between REAX and XPON?
The REAX/XPON correlation stands at 0.53 on a 3-year window (1 year: 0.89, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is XPON a good diversifier for REAX?
Only partially. A correlation of 0.53 means REAX and XPON share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: REAX correlations · XPON correlations
