ELTK vs TRVI: Correlation
Measured on weekly returns over the past three years, Eltek Ltd. (ELTK) and Trevi Therapeutics, Inc. (TRVI) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELTK and TRVI?
Across a 3-year window, the weekly returns of ELTK and TRVI correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.12) than the 3-year average (-0.23). Stretching to 5 years gives -0.08, with an annualized covariance of -970.4 %².
By 3-year correlation, TRVI places #11 of the 16 assets tracked against ELTK. Correlation aside, the last 12 months split them widely, with TRVI ahead by 147.3 points (-22.8% versus +124.5%). Note the risk asymmetry: TRVI runs 1.6 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 TRVI: side by side
| ELTK (Eltek Ltd.) | TRVI (Trevi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -22.8% | +124.5% |
| 5-year return | +27.7% | +1008.6% |
| Volatility (ann.) | 50.9% | 81.1% |
| Beta vs S&P 500 | 0.40 | 0.55 |
| Max drawdown (3Y) | -65.7% | -54.7% |
| Market cap | $0.1B | $2.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELTK | TRVI |
|---|---|---|
| 2022 | +15.0% | +146.8% |
| 2023 | +244.5% | -30.6% |
| 2024 | -20.7% | +207.5% |
| 2025 | -20.0% | +203.9% |
| 2026 | -8.8% | +43.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELTK and TRVI good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ELTK and TRVI?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with 0.12 over the last year and -0.08 over 5 years.
Is TRVI a good diversifier for ELTK?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/eltk-vs-trvi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eltk-vs-trvi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ELTK correlations · TRVI correlations
