EFOR vs EXLS: Correlation
How closely do Everforth, Inc. (EFOR) and ExlService Holdings, Inc. (EXLS) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFOR and EXLS?
Across a 3-year window, the weekly returns of EFOR and EXLS correlate at 0.50, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.50 over 3. Stretching to 5 years gives 0.49, with an annualized covariance of 866.2 %².
By 3-year correlation, EXLS places #4 of the 12 assets tracked against EFOR. The last year tells two different stories: EXLS led by 27.3 percentage points, -40.7% for EFOR against -13.4% for EXLS. Risk is not evenly split, since EFOR carries 1.7 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.
EFOR vs EXLS: side by side
| EFOR (Everforth, Inc.) | EXLS (ExlService Holdings, Inc.) | |
|---|---|---|
| 1-year return | -40.7% | -13.4% |
| 5-year return | -71.9% | +55.2% |
| Volatility (ann.) | 54.8% | 31.7% |
| Beta vs S&P 500 | 0.83 | 0.77 |
| Max drawdown (3Y) | -83.7% | -51.3% |
| Market cap | $1.3B | $5.8B |
| P/E (trailing) | 16.2 | 23.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EFOR | EXLS |
|---|---|---|
| 2022 | -34.0% | +17.0% |
| 2023 | +18.0% | -9.0% |
| 2024 | -13.3% | +43.9% |
| 2025 | -42.2% | -4.4% |
| 2026 | -34.3% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFOR and EXLS good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EFOR and EXLS?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.53 over the last year and 0.49 over 5 years.
Is EXLS a good diversifier for EFOR?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/efor-vs-exls.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/efor-vs-exls/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EFOR correlations · EXLS correlations
