WD vs XWEL: Correlation
Measured on weekly returns over the past three years, Walker & Dunlop, Inc (WD) and XWELL, Inc. (XWEL) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are WD and XWEL?
On 3 years of weekly data the WD/XWEL correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.60) runs below the 3-year figure (-0.28). The 5-year figure is -0.17, and annualized covariance runs at -2063.3 %².
Out of 21 assets tracked against WD, XWEL lands near the bottom at #19. Their recent paths diverged sharply: over the last 12 months XWEL outperformed by 43.5 percentage points (-51.0% for WD against -7.5% for XWEL). Risk is not evenly split, since XWEL carries 4.9 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.
WD vs XWEL: side by side
| WD (Walker & Dunlop, Inc) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | -51.0% | -7.5% |
| 5-year return | -53.5% | -97.2% |
| Volatility (ann.) | 38.5% | 188.4% |
| Beta vs S&P 500 | 1.12 | 0.41 |
| Max drawdown (3Y) | -63.4% | -92.8% |
| Market cap | $1.4B | – |
| P/E (trailing) | 36.0 | – |
| Dividend yield | 6.70% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | WD | XWEL |
|---|---|---|
| 2022 | -46.8% | -82.2% |
| 2023 | +46.0% | -75.8% |
| 2024 | -10.1% | -13.2% |
| 2025 | -35.9% | -69.5% |
| 2026 | -29.9% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are WD and XWEL good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between WD and XWEL?
As of 2026-08-27, the correlation of weekly returns between WD and XWEL is -0.28 over 3 years, -0.60 over 1 year and -0.17 over 5 years.
Is XWEL a good diversifier for WD?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 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/wd-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/wd-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: WD correlations · XWEL correlations
