XOS vs ZCMD: Correlation
How closely do Xos, Inc. (XOS) and Zhongchao Inc. - Class A (ZCMD) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are XOS and ZCMD?
Across a 3-year window, the weekly returns of XOS and ZCMD correlate at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. Stretching to 5 years gives -0.20, with an annualized covariance of -4372.3 %².
ZCMD is close to the least connected end of XOS's tracked universe, ranking #10 of 12. Their recent paths diverged sharply: over the last 12 months XOS outperformed by 118.0 percentage points (+18.1% for XOS against -99.9% for ZCMD).
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.
XOS vs ZCMD: side by side
| XOS (Xos, Inc.) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | +18.1% | -99.9% |
| 5-year return | -98.2% | -100.0% |
| Volatility (ann.) | 122.0% | 141.8% |
| Beta vs S&P 500 | 0.87 | 0.59 |
| Max drawdown (3Y) | -88.1% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | XOS | ZCMD |
|---|---|---|
| 2022 | -85.9% | -35.4% |
| 2023 | -40.0% | -69.5% |
| 2024 | -59.4% | -53.8% |
| 2025 | -44.1% | -72.2% |
| 2026 | +95.0% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are XOS and ZCMD good diversifiers for each other?
Yes. With a correlation of -0.25, XOS and ZCMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between XOS and ZCMD?
As of 2026-08-27, the correlation of weekly returns between XOS and ZCMD is -0.25 over 3 years, -0.32 over 1 year and -0.20 over 5 years.
Is ZCMD a good diversifier for XOS?
Yes. With a correlation of -0.25, XOS and ZCMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/xos-vs-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/xos-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: XOS correlations · ZCMD correlations
