ATLC vs ENVA: Correlation
Atlanticus Holdings Corporation (ATLC) and Enova International, Inc. (ENVA) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATLC and ENVA?
Over the past 3 years, ATLC and ENVA moved with a correlation of 0.58, which is moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 1179.4 %².
In ATLC's tracked universe of 13 assets, ENVA sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months ENVA outperformed by 57.7 percentage points (+40.4% for ATLC against +98.1% for ENVA).
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.
ATLC vs ENVA: side by side
| ATLC (Atlanticus Holdings Corporation) | ENVA (Enova International, Inc.) | |
|---|---|---|
| 1-year return | +40.4% | +98.1% |
| 5-year return | +58.2% | +622.4% |
| Volatility (ann.) | 49.7% | 40.6% |
| Beta vs S&P 500 | 1.55 | 1.27 |
| Max drawdown (3Y) | -39.5% | -30.0% |
| Market cap | $1.4B | $5.9B |
| P/E (trailing) | 12.1 | 17.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATLC | ENVA |
|---|---|---|
| 2022 | -63.3% | -6.3% |
| 2023 | +47.6% | +44.3% |
| 2024 | +44.2% | +73.2% |
| 2025 | +20.0% | +64.0% |
| 2026 | +39.0% | +51.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATLC and ENVA good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ATLC and ENVA?
As of 2026-08-27, the correlation of weekly returns between ATLC and ENVA is 0.58 over 3 years, 0.57 over 1 year and 0.60 over 5 years.
Is ENVA a good diversifier for ATLC?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/atlc-vs-enva.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atlc-vs-enva/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATLC correlations · ENVA correlations
