XELB vs ZSQR: Correlation
Xcel Brands, Inc (XELB) and Z Squared Inc. (ZSQR) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are XELB and ZSQR?
Over the past 3 years, XELB and ZSQR moved with a correlation of 0.28, which is weak. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 2351.0 %².
Among the 11 assets we track against XELB, ZSQR ranks #6 by 3-year correlation. The last year tells two different stories: XELB led by 37.7 percentage points, -30.5% for XELB against -68.2% for ZSQR.
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.
XELB vs ZSQR: side by side
| XELB (Xcel Brands, Inc) | ZSQR (Z Squared Inc.) | |
|---|---|---|
| 1-year return | -30.5% | -68.2% |
| 5-year return | -94.9% | -97.9% |
| Volatility (ann.) | 86.2% | 98.5% |
| Beta vs S&P 500 | 1.33 | 0.28 |
| Max drawdown (3Y) | -95.5% | -89.7% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | XELB | ZSQR |
|---|---|---|
| 2022 | -35.8% | -84.7% |
| 2023 | +84.2% | -48.8% |
| 2024 | -60.1% | -64.9% |
| 2025 | -79.0% | +159.1% |
| 2026 | -13.2% | -70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are XELB and ZSQR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between XELB and ZSQR?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.35 over the last year and 0.21 over 5 years.
Is ZSQR a good diversifier for XELB?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/xelb-vs-zsqr.json
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Related comparisons
Hubs: XELB correlations · ZSQR correlations
