BTMD vs EFOI: Correlation
Measured on weekly returns over the past three years, Biote Corp. (BTMD) and Energy Focus, Inc. (EFOI) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTMD and EFOI?
On 3 years of weekly data the BTMD/EFOI correlation comes out at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. The 5-year figure is 0.17, and annualized covariance runs at 4023.2 %².
EFOI is one of the assets that tracks BTMD most closely: it ranks #2 out of the 11 assets we track against BTMD. Their recent paths diverged sharply: over the last 12 months EFOI outperformed by 64.7 percentage points (-51.5% for BTMD against +13.2% for EFOI). One caveat on sizing: EFOI is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BTMD vs EFOI: side by side
| BTMD (Biote Corp.) | EFOI (Energy Focus, Inc.) | |
|---|---|---|
| 1-year return | -51.5% | +13.2% |
| 5-year return | -83.1% | -87.5% |
| Volatility (ann.) | 67.5% | 158.7% |
| Beta vs S&P 500 | 1.16 | 1.96 |
| Max drawdown (3Y) | -84.4% | -58.2% |
| Market cap | $0.1B | – |
| P/E (trailing) | 10.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTMD | EFOI |
|---|---|---|
| 2022 | -61.9% | -92.5% |
| 2023 | +32.4% | -32.6% |
| 2024 | +25.1% | -21.2% |
| 2025 | -57.9% | +94.1% |
| 2026 | -37.3% | +25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTMD and EFOI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BTMD and EFOI?
The BTMD/EFOI correlation stands at 0.38 on a 3-year window (1 year: 0.46, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is EFOI a good diversifier for BTMD?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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/btmd-vs-efoi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/btmd-vs-efoi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BTMD correlations · EFOI correlations
