ELA vs MOS: Correlation
How closely do Envela Corporation (ELA) and Mosaic Company (The) (MOS) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELA and MOS?
On 3 years of weekly data the ELA/MOS correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.41) runs below the 3-year figure (-0.18). The 5-year figure is -0.09, and annualized covariance runs at -380.2 %².
MOS is close to the least connected end of ELA's tracked universe, ranking #9 of 12. The last year tells two different stories: ELA led by 116.1 percentage points, +89.5% for ELA against -26.6% for MOS. Note the risk asymmetry: ELA runs 1.5 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.
ELA vs MOS: side by side
| ELA (Envela Corporation) | MOS (Mosaic Company (The)) | |
|---|---|---|
| 1-year return | +89.5% | -26.6% |
| 5-year return | +229.3% | -17.1% |
| Volatility (ann.) | 56.3% | 36.6% |
| Beta vs S&P 500 | 0.61 | 0.78 |
| Max drawdown (3Y) | -51.8% | -45.7% |
| Market cap | $0.4B | $7.6B |
| P/E (trailing) | 16.6 | – |
| Dividend yield | 0.00% | 3.64% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ELA | MOS |
|---|---|---|
| 2022 | +29.2% | +12.8% |
| 2023 | -7.6% | -16.4% |
| 2024 | +47.7% | -29.1% |
| 2025 | +86.4% | +1.1% |
| 2026 | +4.1% | +0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELA and MOS good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ELA and MOS?
The ELA/MOS correlation stands at -0.18 on a 3-year window (1 year: -0.41, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is MOS a good diversifier for ELA?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/ela-vs-mos.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ela-vs-mos/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ELA correlations · MOS correlations
