EHTH vs TSLX: Correlation
How closely do eHealth, Inc. (EHTH) and Sixth Street Specialty Lending, Inc. (TSLX) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHTH and TSLX?
On 3 years of weekly data the EHTH/TSLX correlation comes out at 0.39, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.58 versus 0.39 over 3 years. The 5-year figure is 0.26, and annualized covariance runs at 564.2 %².
Among the 13 assets we track against EHTH, TSLX ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TSLX ahead by 55.7 points (-70.7% versus -15.0%). Note the risk asymmetry: EHTH 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.
EHTH vs TSLX: side by side
| EHTH (eHealth, Inc.) | TSLX (Sixth Street Specialty Lending, Inc.) | |
|---|---|---|
| 1-year return | -70.7% | -15.0% |
| 5-year return | -97.0% | +35.2% |
| Volatility (ann.) | 70.4% | 20.5% |
| Beta vs S&P 500 | 1.11 | 0.60 |
| Max drawdown (3Y) | -89.8% | -29.0% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | 19.9 |
| Dividend yield | 0.00% | 10.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHTH | TSLX |
|---|---|---|
| 2022 | -81.0% | -16.4% |
| 2023 | +80.2% | +35.3% |
| 2024 | +7.8% | +8.8% |
| 2025 | -51.1% | +11.5% |
| 2026 | -75.2% | -9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHTH and TSLX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EHTH and TSLX?
As of 2026-08-27, the correlation of weekly returns between EHTH and TSLX is 0.39 over 3 years, 0.58 over 1 year and 0.26 over 5 years.
Is TSLX a good diversifier for EHTH?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EHTH correlations · TSLX correlations
