SCL vs XWEL: Correlation
How closely do Stepan Company (SCL) and XWELL, Inc. (XWEL) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCL and XWEL?
Over the past 3 years, SCL and XWEL moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.60) than the 3-year average (-0.28). Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -1944.7 %².
XWEL is close to the least connected end of SCL's tracked universe, ranking #11 of 13. Correlation aside, the last 12 months split them widely, with SCL ahead by 33.7 points (+26.2% versus -7.5%). One caveat on sizing: XWEL is 5.2 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.
SCL vs XWEL: side by side
| SCL (Stepan Company) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | +26.2% | -7.5% |
| 5-year return | -40.5% | -97.2% |
| Volatility (ann.) | 36.4% | 188.4% |
| Beta vs S&P 500 | 0.93 | 0.41 |
| Max drawdown (3Y) | -54.0% | -92.8% |
| Market cap | $1.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.51% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SCL | XWEL |
|---|---|---|
| 2022 | -13.2% | -82.2% |
| 2023 | -9.7% | -75.8% |
| 2024 | -30.3% | -13.2% |
| 2025 | -24.6% | -69.5% |
| 2026 | +34.7% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCL and XWEL good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SCL and XWEL?
The SCL/XWEL correlation stands at -0.28 on a 3-year window (1 year: -0.60, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is XWEL a good diversifier for SCL?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/scl-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/scl-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SCL correlations · XWEL correlations
