EL vs QRVO: Correlation
How closely do Estée Lauder Companies (The) (EL) and Qorvo, Inc. (QRVO) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EL and QRVO?
On 3 years of weekly data the EL/QRVO correlation comes out at 0.49, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.49 over 3 years. The 5-year figure is 0.49, and annualized covariance runs at 947.3 %².
QRVO is one of the assets that tracks EL most closely: it ranks #1 out of the 35 assets we track against EL. On 12-month performance EL holds a 11.8-point edge, +16.4% against +4.6%.
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 QRVO: side by side
| EL (Estée Lauder Companies (The)) | QRVO (Qorvo, Inc.) | |
|---|---|---|
| 1-year return | +16.4% | +4.6% |
| 5-year return | -66.7% | -49.6% |
| Volatility (ann.) | 47.0% | 41.4% |
| Beta vs S&P 500 | 1.28 | 1.53 |
| Max drawdown (3Y) | -68.4% | -60.7% |
| Market cap | $38.4B | $8.5B |
| P/E (trailing) | 208.3 | 22.1 |
| Dividend yield | 1.33% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | EL | QRVO |
|---|---|---|
| 2022 | -32.3% | -42.0% |
| 2023 | -40.1% | +24.2% |
| 2024 | -47.6% | -37.9% |
| 2025 | +42.1% | +20.8% |
| 2026 | +2.1% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EL and QRVO good diversifiers for each other?
Reasonably. At 0.49, EL and QRVO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EL and QRVO?
The EL/QRVO correlation stands at 0.49 on a 3-year window (1 year: 0.31, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is QRVO a good diversifier for EL?
Reasonably. At 0.49, EL and QRVO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/el-vs-qrvo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/el-vs-qrvo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EL correlations · QRVO correlations
