TWAV vs XPER: Correlation
TaoWeave, Inc. (TWAV) and Xperi Inc. (XPER) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TWAV and XPER?
On 3 years of weekly data the TWAV/XPER correlation comes out at 0.36, moderate. Little has changed lately, as the 1-year reading of 0.26 lands near the 3-year figure. The 5-year figure is 0.18, and annualized covariance runs at 1703.8 %².
Few assets follow TWAV as closely as XPER, which ranks #3 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with XPER ahead by 56.5 points (-56.8% versus -0.3%). Risk is not evenly split, since TWAV carries 2.5 times the volatility of the other side.
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.
TWAV vs XPER: side by side
| TWAV (TaoWeave, Inc.) | XPER (Xperi Inc.) | |
|---|---|---|
| 1-year return | -56.8% | -0.3% |
| 5-year return | -99.9% | n/a |
| Volatility (ann.) | 108.8% | 43.6% |
| Beta vs S&P 500 | 1.85 | 1.29 |
| Max drawdown (3Y) | -97.8% | -57.6% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TWAV | XPER |
|---|---|---|
| 2022 | -88.3% | – |
| 2023 | -88.9% | +28.0% |
| 2024 | -51.5% | -6.8% |
| 2025 | -53.4% | -42.9% |
| 2026 | -22.7% | +3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TWAV and XPER good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TWAV and XPER?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.26 over the last year and 0.18 over 5 years.
Is XPER a good diversifier for TWAV?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/twav-vs-xper.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/twav-vs-xper/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TWAV correlations · XPER correlations
