ELF vs EXC: Correlation
Measured on weekly returns over the past three years, e.l.f. Beauty, Inc. (ELF) and Exelon (EXC) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELF and EXC?
On 3 years of weekly data the ELF/EXC correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. The 5-year figure is -0.12, and annualized covariance runs at -319.8 %².
Among the 14 assets we track against ELF, EXC sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with EXC ahead by 16.7 points (-15.0% versus +1.7%). Risk is not evenly split, since ELF carries 3.5 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.
ELF vs EXC: side by side
| ELF (e.l.f. Beauty, Inc.) | EXC (Exelon) | |
|---|---|---|
| 1-year return | -15.0% | +1.7% |
| 5-year return | +244.4% | +48.1% |
| Volatility (ann.) | 67.7% | 19.4% |
| Beta vs S&P 500 | 2.00 | -0.05 |
| Max drawdown (3Y) | -77.3% | -18.9% |
| Market cap | $6.3B | $45.3B |
| P/E (trailing) | 108.3 | 16.3 |
| Dividend yield | 0.00% | 3.69% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | ELF | EXC |
|---|---|---|
| 2022 | +66.5% | +8.3% |
| 2023 | +161.0% | -14.0% |
| 2024 | -13.0% | +9.2% |
| 2025 | -39.4% | +20.0% |
| 2026 | +39.6% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELF and EXC good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ELF and EXC?
As of 2026-08-27, the correlation of weekly returns between ELF and EXC is -0.24 over 3 years, -0.18 over 1 year and -0.12 over 5 years.
Is EXC a good diversifier for ELF?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/elf-vs-exc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/elf-vs-exc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ELF correlations · EXC correlations
