RMSG vs XELB: Correlation
Measured on weekly returns over the past three years, Real Messenger Corporation (RMSG) and Xcel Brands, Inc (XELB) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMSG and XELB?
On 3 years of weekly data the RMSG/XELB correlation comes out at 0.40, moderate. The past 12 months show a tighter link (0.53) than the 3-year average (0.40). The 5-year figure is 0.31, and annualized covariance runs at 11348.6 %².
By 3-year correlation, XELB places #6 of the 13 assets tracked against RMSG. Their recent paths diverged sharply: over the last 12 months XELB outperformed by 58.5 percentage points (-89.0% for RMSG against -30.5% for XELB). Note the risk asymmetry: RMSG runs 3.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
RMSG vs XELB: side by side
| RMSG (Real Messenger Corporation) | XELB (Xcel Brands, Inc) | |
|---|---|---|
| 1-year return | -89.0% | -30.5% |
| 5-year return | -96.3% | -94.9% |
| Volatility (ann.) | 329.1% | 86.2% |
| Beta vs S&P 500 | 4.85 | 1.33 |
| Max drawdown (3Y) | -99.1% | -95.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMSG | XELB |
|---|---|---|
| 2022 | +5.1% | -35.8% |
| 2023 | +9.6% | +84.2% |
| 2024 | -77.7% | -60.1% |
| 2025 | -47.1% | -79.0% |
| 2026 | -73.2% | -13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMSG and XELB good diversifiers for each other?
Reasonably. At 0.40, RMSG and XELB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RMSG and XELB?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.53 over the last year and 0.31 over 5 years.
Is XELB a good diversifier for RMSG?
Reasonably. At 0.40, RMSG and XELB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rmsg-vs-xelb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rmsg-vs-xelb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RMSG correlations · XELB correlations
