SWIM vs XGN: Correlation
How closely do Latham Group, Inc. (SWIM) and Exagen Inc. (XGN) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SWIM and XGN?
Across a 3-year window, the weekly returns of SWIM and XGN correlate at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 2923.7 %².
Among the 15 assets we track against SWIM, XGN ranks #7 by 3-year correlation. On 12-month performance SWIM holds a 6.2-point edge, -15.1% against -21.3%.
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.
SWIM vs XGN: side by side
| SWIM (Latham Group, Inc.) | XGN (Exagen Inc.) | |
|---|---|---|
| 1-year return | -15.1% | -21.3% |
| 5-year return | -68.5% | -47.1% |
| Volatility (ann.) | 72.5% | 88.9% |
| Beta vs S&P 500 | 1.70 | 1.41 |
| Max drawdown (3Y) | -44.5% | -77.8% |
| Market cap | $0.8B | $0.2B |
| P/E (trailing) | 139.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SWIM | XGN |
|---|---|---|
| 2022 | -87.1% | -79.4% |
| 2023 | -18.3% | -17.1% |
| 2024 | +164.6% | +106.0% |
| 2025 | -8.8% | +48.3% |
| 2026 | +9.9% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SWIM and XGN good diversifiers for each other?
Reasonably. At 0.45, SWIM and XGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SWIM and XGN?
The SWIM/XGN correlation stands at 0.45 on a 3-year window (1 year: 0.51, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is XGN a good diversifier for SWIM?
Reasonably. At 0.45, SWIM and XGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/swim-vs-xgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/swim-vs-xgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SWIM correlations · XGN correlations
