WIMI vs XBIT: Correlation
How closely do WiMi Hologram Cloud Inc. - Class B (WIMI) and XBiotech Inc. (XBIT) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are WIMI and XBIT?
Across a 3-year window, the weekly returns of WIMI and XBIT correlate at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.13) than the 3-year average (-0.29). Stretching to 5 years gives -0.10, with an annualized covariance of -2111.0 %².
XBIT is close to the least connected end of WIMI's tracked universe, ranking #12 of 12. Correlation aside, the last 12 months split them widely, with XBIT ahead by 31.0 points (-64.9% versus -33.9%). One caveat on sizing: WIMI is 2.0 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.
WIMI vs XBIT: side by side
| WIMI (WiMi Hologram Cloud Inc. - Class B) | XBIT (XBiotech Inc.) | |
|---|---|---|
| 1-year return | -64.9% | -33.9% |
| 5-year return | -96.7% | -85.8% |
| Volatility (ann.) | 121.5% | 60.9% |
| Beta vs S&P 500 | 1.79 | 1.09 |
| Max drawdown (3Y) | -95.3% | -78.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | WIMI | XBIT |
|---|---|---|
| 2022 | -75.7% | -68.5% |
| 2023 | +9.5% | +14.0% |
| 2024 | +128.4% | -1.2% |
| 2025 | -87.2% | -39.5% |
| 2026 | -42.2% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are WIMI and XBIT good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between WIMI and XBIT?
As of 2026-08-27, the correlation of weekly returns between WIMI and XBIT is -0.29 over 3 years, 0.13 over 1 year and -0.10 over 5 years.
Is XBIT a good diversifier for WIMI?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
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/wimi-vs-xbit.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/wimi-vs-xbit/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: WIMI correlations · XBIT correlations
