E vs LOAR: Correlation
Measured on weekly returns over the past three years, ENI S.p.A. (E) and Loar Holdings Inc. (LOAR) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are E and LOAR?
Over the past 3 years, E and LOAR moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.47) runs below the 3-year figure (-0.26). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -297.3 %².
LOAR is close to the least connected end of E's tracked universe, ranking #9 of 11. Their recent paths diverged sharply: over the last 12 months E outperformed by 53.7 percentage points (+53.3% for E against -0.4% for LOAR). One caveat on sizing: LOAR is 2.2 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.
E vs LOAR: side by side
| E (ENI S.p.A.) | LOAR (Loar Holdings Inc.) | |
|---|---|---|
| 1-year return | +53.3% | -0.4% |
| 5-year return | +193.3% | n/a |
| Volatility (ann.) | 22.4% | 49.2% |
| Beta vs S&P 500 | 0.04 | 1.21 |
| Max drawdown (3Y) | -20.1% | -46.0% |
| Market cap | $76.7B | $6.8B |
| P/E (trailing) | 11.9 | 102.9 |
| Dividend yield | 0.99% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | E | LOAR |
|---|---|---|
| 2022 | +10.9% | – |
| 2023 | +26.7% | – |
| 2024 | -14.0% | – |
| 2025 | +43.8% | -8.0% |
| 2026 | +43.5% | +7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are E and LOAR good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between E and LOAR?
The E/LOAR correlation stands at -0.26 on a 3-year window (1 year: -0.47, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LOAR a good diversifier for E?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/e-vs-loar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/e-vs-loar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: E correlations · LOAR correlations
