CTVA vs ELPW: Correlation
Measured on weekly returns over the past three years, Corteva (CTVA) and Elong Power Holding Limited - Class A (ELPW) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTVA and ELPW?
Across a 3-year window, the weekly returns of CTVA and ELPW correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.19 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -16968.1 %².
Among the 34 assets we track against CTVA, ELPW ranks #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CTVA ahead by 109.9 points (+10.9% versus -99.0%). Risk is not evenly split, since ELPW carries 124.4 times the volatility of the other side.
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.
CTVA vs ELPW: side by side
| CTVA (Corteva) | ELPW (Elong Power Holding Limited - Class A) | |
|---|---|---|
| 1-year return | +10.9% | -99.0% |
| 5-year return | +98.2% | n/a |
| Volatility (ann.) | 26.8% | 3332.8% |
| Beta vs S&P 500 | 0.43 | 3.98 |
| Max drawdown (3Y) | -20.7% | -100.0% |
| Market cap | $55.0B | – |
| P/E (trailing) | 50.2 | – |
| Dividend yield | 0.87% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CTVA | ELPW |
|---|---|---|
| 2022 | +25.6% | – |
| 2023 | -17.5% | – |
| 2024 | +20.2% | -87.5% |
| 2025 | +18.9% | -91.4% |
| 2026 | +23.5% | -97.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTVA and ELPW good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between CTVA and ELPW?
The CTVA/ELPW correlation stands at -0.19 on a 3-year window (1 year: -0.35, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ELPW a good diversifier for CTVA?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 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/ctva-vs-elpw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctva-vs-elpw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTVA correlations · ELPW correlations
