ELTX vs EOSE: Correlation
Elicio Therapeutics, Inc. (ELTX) and Eos Energy Enterprises, Inc. (EOSE) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELTX and EOSE?
On 3 years of weekly data the ELTX/EOSE correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. The 5-year figure is 0.02, and annualized covariance runs at -2122.2 %².
EOSE is close to the least connected end of ELTX's tracked universe, ranking #8 of 11. The last year tells two different stories: EOSE led by 19.1 percentage points, -71.1% for ELTX against -52.0% for EOSE.
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.
ELTX vs EOSE: side by side
| ELTX (Elicio Therapeutics, Inc.) | EOSE (Eos Energy Enterprises, Inc.) | |
|---|---|---|
| 1-year return | -71.1% | -52.0% |
| 5-year return | -97.2% | -73.5% |
| Volatility (ann.) | 93.6% | 107.4% |
| Beta vs S&P 500 | 0.68 | 2.71 |
| Max drawdown (3Y) | -81.4% | -83.6% |
| Market cap | $0.1B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELTX | EOSE |
|---|---|---|
| 2022 | -72.0% | -80.3% |
| 2023 | +2.7% | -26.4% |
| 2024 | -38.8% | +345.9% |
| 2025 | +56.1% | +135.8% |
| 2026 | -62.3% | -70.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELTX and EOSE good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between ELTX and EOSE?
The ELTX/EOSE correlation stands at -0.21 on a 3-year window (1 year: -0.28, 5 years: 0.02), computed from weekly returns as of 2026-08-27.
Is EOSE a good diversifier for ELTX?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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/eltx-vs-eose.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eltx-vs-eose/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ELTX correlations · EOSE correlations
