ECPG vs XPEL: Correlation
Measured on weekly returns over the past three years, Encore Capital Group Inc (ECPG) and XPEL, Inc. (XPEL) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECPG and XPEL?
Over the past 3 years, ECPG and XPEL moved with a correlation of 0.47, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.47 over 3 years. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 886.9 %².
Among the 16 assets we track against ECPG, XPEL ranks #7 by 3-year correlation. The last year tells two different stories: ECPG led by 109.1 percentage points, +144.3% for ECPG against +35.2% for XPEL.
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 XPEL: side by side
| ECPG (Encore Capital Group Inc) | XPEL (XPEL, Inc.) | |
|---|---|---|
| 1-year return | +144.3% | +35.2% |
| 5-year return | +114.1% | -32.6% |
| Volatility (ann.) | 35.6% | 52.7% |
| Beta vs S&P 500 | 0.85 | 1.03 |
| Max drawdown (3Y) | -49.2% | -70.7% |
| Market cap | $2.2B | $1.4B |
| P/E (trailing) | 7.7 | 25.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECPG | XPEL |
|---|---|---|
| 2022 | -22.8% | -12.0% |
| 2023 | +5.9% | -10.3% |
| 2024 | -5.9% | -25.8% |
| 2025 | +13.8% | +25.0% |
| 2026 | +87.6% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECPG and XPEL good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ECPG and XPEL?
As of 2026-08-27, the correlation of weekly returns between ECPG and XPEL is 0.47 over 3 years, 0.09 over 1 year and 0.35 over 5 years.
Is XPEL a good diversifier for ECPG?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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.
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Related comparisons
Hubs: ECPG correlations · XPEL correlations
