ACEL vs ENVA: Correlation
Measured on weekly returns over the past three years, Accel Entertainment, Inc. (ACEL) and Enova International, Inc. (ENVA) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACEL and ENVA?
Across a 3-year window, the weekly returns of ACEL and ENVA correlate at 0.46, moderate. The past 12 months show a tighter link (0.59) than the 3-year average (0.46). Stretching to 5 years gives 0.44, with an annualized covariance of 528.9 %².
By 3-year correlation, ENVA places #4 of the 16 assets tracked against ACEL. Correlation aside, the last 12 months split them widely, with ENVA ahead by 96.8 points (+1.3% versus +98.1%).
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.
ACEL vs ENVA: side by side
| ACEL (Accel Entertainment, Inc.) | ENVA (Enova International, Inc.) | |
|---|---|---|
| 1-year return | +1.3% | +98.1% |
| 5-year return | +1.6% | +622.4% |
| Volatility (ann.) | 28.0% | 40.6% |
| Beta vs S&P 500 | 0.73 | 1.27 |
| Max drawdown (3Y) | -26.0% | -30.0% |
| Market cap | $0.9B | $5.9B |
| P/E (trailing) | 17.7 | 17.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACEL | ENVA |
|---|---|---|
| 2022 | -40.9% | -6.3% |
| 2023 | +33.4% | +44.3% |
| 2024 | +4.0% | +73.2% |
| 2025 | +6.8% | +64.0% |
| 2026 | +2.5% | +51.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACEL and ENVA good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACEL and ENVA?
The ACEL/ENVA correlation stands at 0.46 on a 3-year window (1 year: 0.59, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is ENVA a good diversifier for ACEL?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/acel-vs-enva.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acel-vs-enva/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACEL correlations · ENVA correlations
