ELPW vs SXTC: Correlation
How closely do Elong Power Holding Limited - Class A (ELPW) and China SXT Pharmaceuticals, Inc. - Class A (SXTC) trade together? Their weekly returns over three years give a correlation of 0.95, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELPW and SXTC?
Over the past 3 years, ELPW and SXTC moved with a correlation of 0.95, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.95 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 21973600.7 %².
Among the 30 assets we track against ELPW, SXTC ranks #6 by 3-year correlation. Twelve-month performance is nearly a tie, at -99.0% for ELPW and -98.4% for SXTC. Note the risk asymmetry: SXTC runs 2.1 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.
ELPW vs SXTC: side by side
| ELPW (Elong Power Holding Limited - Class A) | SXTC (China SXT Pharmaceuticals, Inc. - Class A) | |
|---|---|---|
| 1-year return | -99.0% | -98.4% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 3332.8% | 6970.7% |
| Beta vs S&P 500 | 3.98 | 6.97 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELPW | SXTC |
|---|---|---|
| 2022 | – | -16.6% |
| 2023 | – | -70.7% |
| 2024 | -87.5% | -87.2% |
| 2025 | -91.4% | +215.0% |
| 2026 | -97.4% | -98.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELPW and SXTC good diversifiers for each other?
No. With a correlation of 0.95, ELPW and SXTC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ELPW and SXTC?
Using weekly returns as of 2026-08-27: 0.95 over 3 years, with 0.95 over the last year and n/a over 5 years.
Is SXTC a good diversifier for ELPW?
No. With a correlation of 0.95, ELPW and SXTC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.95 mean?
On the −1 to +1 scale, 0.95 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/elpw-vs-sxtc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/elpw-vs-sxtc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ELPW correlations · SXTC correlations
