EL vs ELF: Correlation
Estée Lauder Companies (The) (EL) and e.l.f. Beauty, Inc. (ELF) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EL and ELF?
Over the past 3 years, EL and ELF moved with a correlation of 0.46, which is moderate. The link has tightened recently: the 1-year correlation (0.58) runs above the 3-year figure (0.46). Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 1452.6 %².
ELF is one of the assets that tracks EL most closely: it ranks #3 out of the 35 assets we track against EL. Correlation aside, the last 12 months split them widely, with EL ahead by 31.4 points (+16.4% versus -15.0%).
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.
EL vs ELF: side by side
| EL (Estée Lauder Companies (The)) | ELF (e.l.f. Beauty, Inc.) | |
|---|---|---|
| 1-year return | +16.4% | -15.0% |
| 5-year return | -66.7% | +244.4% |
| Volatility (ann.) | 47.0% | 67.7% |
| Beta vs S&P 500 | 1.28 | 2.00 |
| Max drawdown (3Y) | -68.4% | -77.3% |
| Market cap | $38.4B | $6.3B |
| P/E (trailing) | 208.3 | 108.3 |
| Dividend yield | 1.33% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | EL | ELF |
|---|---|---|
| 2022 | -32.3% | +66.5% |
| 2023 | -40.1% | +161.0% |
| 2024 | -47.6% | -13.0% |
| 2025 | +42.1% | -39.4% |
| 2026 | +2.1% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EL and ELF good diversifiers for each other?
Reasonably. At 0.46, EL and ELF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EL and ELF?
The EL/ELF correlation stands at 0.46 on a 3-year window (1 year: 0.58, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is ELF a good diversifier for EL?
Reasonably. At 0.46, EL and ELF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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
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Related comparisons
Hubs: EL correlations · ELF correlations
