VNDA vs XWEL: Correlation
How closely do Vanda Pharmaceuticals Inc. (VNDA) and XWELL, Inc. (XWEL) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VNDA and XWEL?
On 3 years of weekly data the VNDA/XWEL correlation comes out at 0.46, moderate. The link has tightened recently: the 1-year correlation (0.65) runs above the 3-year figure (0.46). The 5-year figure is 0.42, and annualized covariance runs at 5522.8 %².
XWEL is one of the assets that tracks VNDA most closely: it ranks #2 out of the 13 assets we track against VNDA. Correlation aside, the last 12 months split them widely, with VNDA ahead by 25.2 points (+17.7% versus -7.5%). One caveat on sizing: XWEL is 3.0 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.
VNDA vs XWEL: side by side
| VNDA (Vanda Pharmaceuticals Inc.) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | +17.7% | -7.5% |
| 5-year return | -67.8% | -97.2% |
| Volatility (ann.) | 63.1% | 188.4% |
| Beta vs S&P 500 | 0.55 | 0.41 |
| Max drawdown (3Y) | -48.4% | -92.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VNDA | XWEL |
|---|---|---|
| 2022 | -52.9% | -82.2% |
| 2023 | -42.9% | -75.8% |
| 2024 | +13.5% | -13.2% |
| 2025 | +84.1% | -69.5% |
| 2026 | -38.3% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VNDA and XWEL good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between VNDA and XWEL?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.65 over the last year and 0.42 over 5 years.
Is XWEL a good diversifier for VNDA?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/vnda-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vnda-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VNDA correlations · XWEL correlations
