ELAB vs FTLF: Correlation
How closely do PMGC Holdings Inc. (ELAB) and FitLife Brands, Inc. (FTLF) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELAB and FTLF?
Across a 3-year window, the weekly returns of ELAB and FTLF correlate at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.46 versus -0.29 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -2690.6 %².
Among the 20 assets we track against ELAB, FTLF sits near the bottom by co-movement, at rank #16. Correlation aside, the last 12 months split them widely, with FTLF ahead by 53.6 points (-99.7% versus -46.1%). One caveat on sizing: ELAB is 4.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ELAB vs FTLF: side by side
| ELAB (PMGC Holdings Inc.) | FTLF (FitLife Brands, Inc.) | |
|---|---|---|
| 1-year return | -99.7% | -46.1% |
| 5-year return | n/a | +67.4% |
| Volatility (ann.) | 195.6% | 47.7% |
| Beta vs S&P 500 | 2.50 | 0.47 |
| Max drawdown (3Y) | -100.0% | -57.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 16.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELAB | FTLF |
|---|---|---|
| 2022 | – | -0.3% |
| 2023 | – | +19.7% |
| 2024 | -99.4% | +70.7% |
| 2025 | -97.4% | -0.2% |
| 2026 | -98.4% | -37.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELAB and FTLF good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ELAB and FTLF?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.46 over the last year and n/a over 5 years.
Is FTLF a good diversifier for ELAB?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/elab-vs-ftlf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/elab-vs-ftlf/)
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Related comparisons
Hubs: ELAB correlations · FTLF correlations
