XPOF vs XWEL: Correlation
Xponential Fitness, Inc. (XPOF) and XWELL, Inc. (XWEL) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are XPOF and XWEL?
Over the past 3 years, XPOF and XWEL moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.58) runs below the 3-year figure (-0.32). Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -5293.1 %².
Out of 10 assets tracked against XPOF, XWEL lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months XWEL outperformed by 29.4 percentage points (-36.9% for XPOF against -7.5% for XWEL). Note the risk asymmetry: XWEL runs 2.1 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.
XPOF vs XWEL: side by side
| XPOF (Xponential Fitness, Inc.) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | -36.9% | -7.5% |
| 5-year return | -52.9% | -97.2% |
| Volatility (ann.) | 88.8% | 188.4% |
| Beta vs S&P 500 | 1.31 | 0.41 |
| Max drawdown (3Y) | -81.1% | -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 | XPOF | XWEL |
|---|---|---|
| 2022 | +12.2% | -82.2% |
| 2023 | -43.8% | -75.8% |
| 2024 | +4.3% | -13.2% |
| 2025 | -38.8% | -69.5% |
| 2026 | -34.5% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are XPOF and XWEL good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between XPOF and XWEL?
The XPOF/XWEL correlation stands at -0.32 on a 3-year window (1 year: -0.58, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is XWEL a good diversifier for XPOF?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 mean?
A reading of -0.32 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/xpof-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/xpof-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: XPOF correlations · XWEL correlations
