VERX vs XEL: Correlation
Vertex, Inc. (VERX) and Xcel Energy (XEL) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VERX and XEL?
On 3 years of weekly data the VERX/XEL correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.17) than the 3-year average (-0.29). The 5-year figure is -0.14, and annualized covariance runs at -325.8 %².
Out of 13 assets tracked against VERX, XEL lands near the bottom at #12. The last year tells two different stories: XEL led by 52.6 percentage points, -43.4% for VERX against +9.2% for XEL. Risk is not evenly split, since VERX carries 2.6 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.
VERX vs XEL: side by side
| VERX (Vertex, Inc.) | XEL (Xcel Energy) | |
|---|---|---|
| 1-year return | -43.4% | +9.2% |
| 5-year return | -33.8% | +31.1% |
| Volatility (ann.) | 53.5% | 20.7% |
| Beta vs S&P 500 | 0.99 | 0.09 |
| Max drawdown (3Y) | -82.1% | -24.0% |
| Market cap | $2.3B | $48.2B |
| P/E (trailing) | 715.0 | 21.3 |
| Dividend yield | 0.00% | 2.99% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | VERX | XEL |
|---|---|---|
| 2022 | -8.6% | +6.4% |
| 2023 | +85.7% | -8.7% |
| 2024 | +98.0% | +12.3% |
| 2025 | -62.6% | +13.9% |
| 2026 | -28.4% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VERX and XEL good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between VERX and XEL?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.17 over the last year and -0.14 over 5 years.
Is XEL a good diversifier for VERX?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
A reading of -0.29 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/verx-vs-xel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/verx-vs-xel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VERX correlations · XEL correlations
