SOAR vs XOS: Correlation
Volato Group, Inc. (SOAR) and Xos, Inc. (XOS) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOAR and XOS?
Over the past 3 years, SOAR and XOS moved with a correlation of 0.35, which is moderate. The past 12 months show a tighter link (0.59) than the 3-year average (0.35). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 6054.9 %².
Among the 10 assets we track against SOAR, XOS ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with XOS ahead by 105.0 points (-86.9% versus +18.1%).
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.
SOAR vs XOS: side by side
| SOAR (Volato Group, Inc.) | XOS (Xos, Inc.) | |
|---|---|---|
| 1-year return | -86.9% | +18.1% |
| 5-year return | -99.9% | -98.2% |
| Volatility (ann.) | 140.6% | 122.0% |
| Beta vs S&P 500 | 1.26 | 0.87 |
| Max drawdown (3Y) | -100.0% | -88.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SOAR | XOS |
|---|---|---|
| 2022 | – | -85.9% |
| 2023 | -62.9% | -40.0% |
| 2024 | -93.5% | -59.4% |
| 2025 | -88.2% | -44.1% |
| 2026 | -68.0% | +95.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOAR and XOS good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SOAR and XOS?
The SOAR/XOS correlation stands at 0.35 on a 3-year window (1 year: 0.59, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is XOS a good diversifier for SOAR?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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/soar-vs-xos.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/soar-vs-xos/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SOAR correlations · XOS correlations
