ECPG vs FIGS: Correlation
How closely do Encore Capital Group Inc (ECPG) and FIGS, Inc. (FIGS) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECPG and FIGS?
Across a 3-year window, the weekly returns of ECPG and FIGS correlate at 0.42, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.42 over 3 years. Stretching to 5 years gives 0.33, with an annualized covariance of 945.2 %².
By 3-year correlation, FIGS places #9 of the 16 assets tracked against ECPG. Correlation aside, the last 12 months split them widely, with ECPG ahead by 31.0 points (+144.3% versus +113.3%). One caveat on sizing: FIGS is 1.8 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.
ECPG vs FIGS: side by side
| ECPG (Encore Capital Group Inc) | FIGS (FIGS, Inc.) | |
|---|---|---|
| 1-year return | +144.3% | +113.3% |
| 5-year return | +114.1% | -63.9% |
| Volatility (ann.) | 35.6% | 63.9% |
| Beta vs S&P 500 | 0.85 | 0.92 |
| Max drawdown (3Y) | -49.2% | -54.4% |
| Market cap | $2.2B | $2.5B |
| P/E (trailing) | 7.7 | 45.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECPG | FIGS |
|---|---|---|
| 2022 | -22.8% | -75.6% |
| 2023 | +5.9% | +3.3% |
| 2024 | -5.9% | -10.9% |
| 2025 | +13.8% | +83.5% |
| 2026 | +87.6% | +32.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECPG and FIGS good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ECPG and FIGS?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.53 over the last year and 0.33 over 5 years.
Is FIGS a good diversifier for ECPG?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 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/ecpg-vs-figs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ecpg-vs-figs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ECPG correlations · FIGS correlations
