TCI vs XWEL: Correlation
How closely do Transcontinental Realty Investors, Inc. (TCI) and XWELL, Inc. (XWEL) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TCI and XWEL?
On 3 years of weekly data the TCI/XWEL correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.25 over 3. The 5-year figure is -0.21, and annualized covariance runs at -2116.9 %².
Among the 12 assets we track against TCI, XWEL sits near the bottom by co-movement, at rank #12. On 12-month performance XWEL holds a 7.8-point edge, -15.3% against -7.5%. One caveat on sizing: XWEL is 4.3 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.
TCI vs XWEL: side by side
| TCI (Transcontinental Realty Investors, Inc.) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | -15.3% | -7.5% |
| 5-year return | +9.7% | -97.2% |
| Volatility (ann.) | 44.2% | 188.4% |
| Beta vs S&P 500 | 0.28 | 0.41 |
| Max drawdown (3Y) | -43.8% | -92.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 41.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TCI | XWEL |
|---|---|---|
| 2022 | +13.0% | -82.2% |
| 2023 | -21.8% | -75.8% |
| 2024 | -13.7% | -13.2% |
| 2025 | +96.6% | -69.5% |
| 2026 | -32.8% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCI and XWEL good diversifiers for each other?
Yes. With a correlation of -0.25, TCI and XWEL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TCI and XWEL?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.34 over the last year and -0.21 over 5 years.
Is XWEL a good diversifier for TCI?
Yes. With a correlation of -0.25, TCI and XWEL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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/tci-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tci-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TCI correlations · XWEL correlations
