SLDP vs XTNT: Correlation
Measured on weekly returns over the past three years, Solid Power, Inc. (SLDP) and Xtant Medical Holdings, Inc. (XTNT) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLDP and XTNT?
Across a 3-year window, the weekly returns of SLDP and XTNT correlate at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.34 over 3 years. Stretching to 5 years gives 0.21, with an annualized covariance of 1859.7 %².
Among the 23 assets we track against SLDP, XTNT ranks #18 by 3-year correlation. Twelve-month performance is nearly a tie, at -46.4% for SLDP and -45.9% for XTNT.
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.
SLDP vs XTNT: side by side
| SLDP (Solid Power, Inc.) | XTNT (Xtant Medical Holdings, Inc.) | |
|---|---|---|
| 1-year return | -46.4% | -45.9% |
| 5-year return | -76.1% | -73.6% |
| Volatility (ann.) | 87.4% | 62.9% |
| Beta vs S&P 500 | 1.88 | 0.93 |
| Max drawdown (3Y) | -76.5% | -77.7% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLDP | XTNT |
|---|---|---|
| 2022 | -70.9% | +17.9% |
| 2023 | -42.9% | +71.2% |
| 2024 | +30.3% | -61.1% |
| 2025 | +124.9% | +77.3% |
| 2026 | -44.1% | -57.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLDP and XTNT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SLDP and XTNT?
As of 2026-08-27, the correlation of weekly returns between SLDP and XTNT is 0.34 over 3 years, 0.13 over 1 year and 0.21 over 5 years.
Is XTNT a good diversifier for SLDP?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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/sldp-vs-xtnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sldp-vs-xtnt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SLDP correlations · XTNT correlations
