BYND vs ELPW: Correlation
Measured on weekly returns over the past three years, Beyond Meat, Inc. (BYND) and Elong Power Holding Limited - Class A (ELPW) carry a correlation of 0.95, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYND and ELPW?
On 3 years of weekly data the BYND/ELPW correlation comes out at 0.95, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.95 over 1 year against 0.95 over 3. The 5-year figure is n/a, and annualized covariance runs at 6940504.8 %².
Among the 10 assets we track against BYND, ELPW ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BYND ahead by 539.5 points (+440.5% versus -99.0%). One caveat on sizing: ELPW is 1.5 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.
BYND vs ELPW: side by side
| BYND (Beyond Meat, Inc.) | ELPW (Elong Power Holding Limited - Class A) | |
|---|---|---|
| 1-year return | +440.5% | -99.0% |
| 5-year return | -88.4% | n/a |
| Volatility (ann.) | 2192.0% | 3332.8% |
| Beta vs S&P 500 | 5.06 | 3.98 |
| Max drawdown (3Y) | -97.2% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BYND | ELPW |
|---|---|---|
| 2022 | -81.1% | – |
| 2023 | -27.7% | – |
| 2024 | -57.8% | -87.5% |
| 2025 | -78.2% | -91.4% |
| 2026 | +1607.3% | -97.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYND and ELPW good diversifiers for each other?
No: a correlation of 0.95 means BYND and ELPW tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BYND and ELPW?
The BYND/ELPW correlation stands at 0.95 on a 3-year window (1 year: 0.95, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ELPW a good diversifier for BYND?
No: a correlation of 0.95 means BYND and ELPW tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.95 mean?
A reading of 0.95 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/bynd-vs-elpw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bynd-vs-elpw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BYND correlations · ELPW correlations
