TRAK vs XBIT: Correlation
ReposiTrak, Inc. (TRAK) and XBiotech Inc. (XBIT) 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 TRAK and XBIT?
On 3 years of weekly data the TRAK/XBIT correlation comes out at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. The 5-year figure is 0.23, and annualized covariance runs at 901.2 %².
XBIT is close to the least connected end of TRAK's tracked universe, ranking #9 of 13. Correlation aside, the last 12 months split them widely, with XBIT ahead by 16.6 points (-50.5% versus -33.9%).
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.
TRAK vs XBIT: side by side
| TRAK (ReposiTrak, Inc.) | XBIT (XBiotech Inc.) | |
|---|---|---|
| 1-year return | -50.5% | -33.9% |
| 5-year return | +52.8% | -85.8% |
| Volatility (ann.) | 42.1% | 60.9% |
| Beta vs S&P 500 | 1.30 | 1.09 |
| Max drawdown (3Y) | -71.0% | -78.6% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 21.5 | – |
| Dividend yield | 0.99% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TRAK | XBIT |
|---|---|---|
| 2022 | -14.4% | -68.5% |
| 2023 | +104.2% | +14.0% |
| 2024 | +122.0% | -1.2% |
| 2025 | -43.8% | -39.5% |
| 2026 | -35.4% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRAK and XBIT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TRAK and XBIT?
As of 2026-08-27, the correlation of weekly returns between TRAK and XBIT is 0.35 over 3 years, 0.34 over 1 year and 0.23 over 5 years.
Is XBIT a good diversifier for TRAK?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/trak-vs-xbit.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/trak-vs-xbit/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TRAK correlations · XBIT correlations
