ELLO vs PSEC: Correlation
Ellomay Capital Ltd (ELLO) and Prospect Capital Corporation - Closed End Fund (PSEC) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELLO and PSEC?
Across a 3-year window, the weekly returns of ELLO and PSEC correlate at 0.36, moderate. The past 12 months show a tighter link (0.46) than the 3-year average (0.36). Stretching to 5 years gives 0.31, with an annualized covariance of 448.5 %².
In ELLO's tracked universe of 10 assets, PSEC sits right near the top at #3. The last year tells two different stories: ELLO led by 21.3 percentage points, +15.5% for ELLO against -5.8% for PSEC.
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.
ELLO vs PSEC: side by side
| ELLO (Ellomay Capital Ltd) | PSEC (Prospect Capital Corporation - Closed End Fund) | |
|---|---|---|
| 1-year return | +15.5% | -5.8% |
| 5-year return | -28.2% | -45.5% |
| Volatility (ann.) | 39.3% | 31.6% |
| Beta vs S&P 500 | 0.36 | 0.59 |
| Max drawdown (3Y) | -41.7% | -50.5% |
| Market cap | $0.3B | $1.2B |
| P/E (trailing) | – | 38.0 |
| Dividend yield | 0.00% | 25.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELLO | PSEC |
|---|---|---|
| 2022 | -47.5% | -8.6% |
| 2023 | +0.3% | -4.1% |
| 2024 | +8.7% | -18.2% |
| 2025 | +49.5% | -28.9% |
| 2026 | -16.8% | -1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELLO and PSEC good diversifiers for each other?
Reasonably. At 0.36, ELLO and PSEC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ELLO and PSEC?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.46 over the last year and 0.31 over 5 years.
Is PSEC a good diversifier for ELLO?
Reasonably. At 0.36, ELLO and PSEC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/ello-vs-psec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ello-vs-psec/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ELLO correlations · PSEC correlations
