WMK vs XYZ: Correlation
Measured on weekly returns over the past three years, Weis Markets, Inc. (WMK) and Block, Inc. (XYZ) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are WMK and XYZ?
Across a 3-year window, the weekly returns of WMK and XYZ correlate at -0.19, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.19). Stretching to 5 years gives -0.06, with an annualized covariance of -255.5 %².
By 3-year correlation, XYZ places #11 of the 16 assets tracked against WMK. On 12-month performance XYZ holds a 9.8-point edge, -2.9% against +6.9%. Risk is not evenly split, since XYZ carries 1.9 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.
WMK vs XYZ: side by side
| WMK (Weis Markets, Inc.) | XYZ (Block, Inc.) | |
|---|---|---|
| 1-year return | -2.9% | +6.9% |
| 5-year return | +36.2% | -68.8% |
| Volatility (ann.) | 26.2% | 50.2% |
| Beta vs S&P 500 | 0.07 | 1.80 |
| Max drawdown (3Y) | -29.4% | -53.0% |
| Market cap | – | $51.0B |
| P/E (trailing) | 17.6 | 151.5 |
| Dividend yield | 1.92% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | WMK | XYZ |
|---|---|---|
| 2022 | +27.1% | -61.1% |
| 2023 | -20.8% | +23.1% |
| 2024 | +8.0% | +9.9% |
| 2025 | -3.6% | -23.4% |
| 2026 | +11.5% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are WMK and XYZ good diversifiers for each other?
Yes. With a correlation of -0.19, WMK and XYZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between WMK and XYZ?
The WMK/XYZ correlation stands at -0.19 on a 3-year window (1 year: -0.38, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is XYZ a good diversifier for WMK?
Yes. With a correlation of -0.19, WMK and XYZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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/wmk-vs-xyz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/wmk-vs-xyz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: WMK correlations · XYZ correlations
