EL vs FLZH: Correlation
Measured on weekly returns over the past three years, Estée Lauder Companies (The) (EL) and Flash Sports & Media Holdings, Inc. (FLZH) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EL and FLZH?
On 3 years of weekly data the EL/FLZH correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.29). The 5-year figure is -0.23, and annualized covariance runs at -5849.8 %².
FLZH is close to the least connected end of EL's tracked universe, ranking #34 of 35. The last year tells two different stories: EL led by 115.6 percentage points, +16.4% for EL against -99.2% for FLZH. Risk is not evenly split, since FLZH carries 9.0 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.
EL vs FLZH: side by side
| EL (Estée Lauder Companies (The)) | FLZH (Flash Sports & Media Holdings, Inc.) | |
|---|---|---|
| 1-year return | +16.4% | -99.2% |
| 5-year return | -66.7% | -100.0% |
| Volatility (ann.) | 47.0% | 424.7% |
| Beta vs S&P 500 | 1.28 | -2.13 |
| Max drawdown (3Y) | -68.4% | -99.9% |
| Market cap | $38.4B | – |
| P/E (trailing) | 208.3 | – |
| Dividend yield | 1.33% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | EL | FLZH |
|---|---|---|
| 2022 | -32.3% | -74.0% |
| 2023 | -40.1% | -48.5% |
| 2024 | -47.6% | -32.5% |
| 2025 | +42.1% | -70.4% |
| 2026 | +2.1% | -98.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EL and FLZH good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between EL and FLZH?
As of 2026-08-27, the correlation of weekly returns between EL and FLZH is -0.29 over 3 years, -0.46 over 1 year and -0.23 over 5 years.
Is FLZH a good diversifier for EL?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
A reading of -0.29 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
$ curl https://www.pairbook.io/api/v1/pairs/el-vs-flzh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/el-vs-flzh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EL correlations · FLZH correlations
