STNE vs XP: Correlation
How closely do StoneCo Ltd. - Class A Common Share (STNE) and XP Inc. (XP) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STNE and XP?
On 3 years of weekly data the STNE/XP correlation comes out at 0.62, strong. Little has changed lately, as the 1-year reading of 0.70 lands near the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 1231.7 %².
Few assets follow STNE as closely as XP, which ranks #2 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months XP outperformed by 33.1 percentage points (-27.3% for STNE against +5.8% for XP).
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.
STNE vs XP: side by side
| STNE (StoneCo Ltd. - Class A Common Share) | XP (XP Inc.) | |
|---|---|---|
| 1-year return | -27.3% | +5.8% |
| 5-year return | -76.6% | -58.9% |
| Volatility (ann.) | 48.1% | 41.0% |
| Beta vs S&P 500 | 1.41 | 1.18 |
| Max drawdown (3Y) | -57.6% | -56.6% |
| Market cap | $2.2B | $9.0B |
| P/E (trailing) | 3.7 | 9.0 |
| Dividend yield | 0.00% | 11.39% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STNE | XP |
|---|---|---|
| 2022 | -44.0% | -46.6% |
| 2023 | +91.0% | +79.6% |
| 2024 | -55.8% | -52.2% |
| 2025 | +85.6% | +39.5% |
| 2026 | -21.8% | +9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STNE and XP good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between STNE and XP?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.70 over the last year and 0.57 over 5 years.
Is XP a good diversifier for STNE?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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/stne-vs-xp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stne-vs-xp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: STNE correlations · XP correlations
