EE vs SCLX: Correlation
Excelerate Energy, Inc. (EE) and Scilex Holding Company (SCLX) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EE and SCLX?
On 3 years of weekly data the EE/SCLX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -1166.8 %².
Out of 10 assets tracked against EE, SCLX lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months EE outperformed by 114.1 percentage points (+63.7% for EE against -50.4% for SCLX). Note the risk asymmetry: SCLX runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EE vs SCLX: side by side
| EE (Excelerate Energy, Inc.) | SCLX (Scilex Holding Company) | |
|---|---|---|
| 1-year return | +63.7% | -50.4% |
| 5-year return | +52.1% | -97.4% |
| Volatility (ann.) | 36.5% | 125.7% |
| Beta vs S&P 500 | 0.47 | 1.06 |
| Max drawdown (3Y) | -29.1% | -96.4% |
| Market cap | $4.5B | – |
| P/E (trailing) | 27.0 | – |
| Dividend yield | 0.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EE | SCLX |
|---|---|---|
| 2022 | – | -60.3% |
| 2023 | -38.0% | -48.9% |
| 2024 | +96.9% | -79.1% |
| 2025 | -6.3% | -18.2% |
| 2026 | +42.2% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EE and SCLX good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EE and SCLX?
The EE/SCLX correlation stands at -0.25 on a 3-year window (1 year: -0.20, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is SCLX a good diversifier for EE?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 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/ee-vs-sclx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ee-vs-sclx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EE correlations · SCLX correlations
