WHLR vs XYL: Correlation
Wheeler Real Estate Investment Trust, Inc. (WHLR) and Xylem Inc. (XYL) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are WHLR and XYL?
On 3 years of weekly data the WHLR/XYL correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.12 over 1 year against -0.18 over 3. The 5-year figure is -0.11, and annualized covariance runs at -2397.5 %².
Among the 50 assets we track against WHLR, XYL ranks #36 by 3-year correlation. The last year tells two different stories: XYL led by 78.9 percentage points, -100.0% for WHLR against -21.1% for XYL. Risk is not evenly split, since WHLR carries 22.8 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.
WHLR vs XYL: side by side
| WHLR (Wheeler Real Estate Investment Trust, Inc.) | XYL (Xylem Inc.) | |
|---|---|---|
| 1-year return | -100.0% | -21.1% |
| 5-year return | -100.0% | -12.5% |
| Volatility (ann.) | 545.0% | 23.9% |
| Beta vs S&P 500 | -5.84 | 0.96 |
| Max drawdown (3Y) | -100.0% | -30.0% |
| Market cap | – | $26.3B |
| P/E (trailing) | 0.0 | 26.8 |
| Dividend yield | 0.00% | 1.47% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | WHLR | XYL |
|---|---|---|
| 2022 | -28.0% | -6.6% |
| 2023 | -98.4% | +4.8% |
| 2024 | -98.4% | +2.6% |
| 2025 | -100.0% | +18.8% |
| 2026 | -99.9% | -16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are WHLR and XYL good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between WHLR and XYL?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.12 over the last year and -0.11 over 5 years.
Is XYL a good diversifier for WHLR?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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/whlr-vs-xyl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/whlr-vs-xyl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: WHLR correlations · XYL correlations
