ELTK vs STTK: Correlation
Eltek Ltd. (ELTK) and Shattuck Labs, Inc. (STTK) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELTK and STTK?
Over the past 3 years, ELTK and STTK moved with a correlation of 0.28, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.28 over 3 years. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 2081.3 %².
Among the 16 assets we track against ELTK, STTK ranks #5 by 3-year correlation. The last year tells two different stories: STTK led by 687.8 percentage points, -22.8% for ELTK against +665.0% for STTK. Note the risk asymmetry: STTK runs 2.8 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.
ELTK vs STTK: side by side
| ELTK (Eltek Ltd.) | STTK (Shattuck Labs, Inc.) | |
|---|---|---|
| 1-year return | -22.8% | +665.0% |
| 5-year return | +27.7% | -63.7% |
| Volatility (ann.) | 50.9% | 145.0% |
| Beta vs S&P 500 | 0.40 | 2.32 |
| Max drawdown (3Y) | -65.7% | -93.5% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELTK | STTK |
|---|---|---|
| 2022 | +15.0% | -73.0% |
| 2023 | +244.5% | +210.0% |
| 2024 | -20.7% | -83.0% |
| 2025 | -20.0% | +201.7% |
| 2026 | -8.8% | +109.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELTK and STTK good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ELTK and STTK?
The ELTK/STTK correlation stands at 0.28 on a 3-year window (1 year: 0.18, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is STTK a good diversifier for ELTK?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
A reading of 0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ELTK correlations · STTK correlations
