XFLT vs XWEL: Correlation
XAI Floating Rate & Alternative Income Trust (XFLT) and XWELL, Inc. (XWEL) show a negative relationship: their 3-year correlation of weekly returns is -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are XFLT and XWEL?
Over the past 3 years, XFLT and XWEL moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.49 lands near the 3-year figure. Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -1281.4 %².
Among the 11 assets we track against XFLT, XWEL sits near the bottom by co-movement, at rank #11. Over the last 12 months XWEL came out ahead by 9.0 percentage points (-16.5% against -7.5%). Note the risk asymmetry: XWEL runs 10.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
XFLT vs XWEL: side by side
| XFLT (XAI Floating Rate & Alternative Income Trust) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | -16.5% | -7.5% |
| 5-year return | -11.0% | -97.2% |
| Volatility (ann.) | 17.7% | 188.4% |
| Beta vs S&P 500 | 0.36 | 0.41 |
| Max drawdown (3Y) | -47.0% | -92.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | XFLT | XWEL |
|---|---|---|
| 2022 | -20.3% | -82.2% |
| 2023 | +30.4% | -75.8% |
| 2024 | +7.4% | -13.2% |
| 2025 | -15.3% | -69.5% |
| 2026 | -9.9% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are XFLT and XWEL good diversifiers for each other?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between XFLT and XWEL?
As of 2026-08-27, the correlation of weekly returns between XFLT and XWEL is -0.39 over 3 years, -0.49 over 1 year and -0.25 over 5 years.
Is XWEL a good diversifier for XFLT?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.39 mean?
A reading of -0.39 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/xflt-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/xflt-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: XFLT correlations · XWEL correlations
