ELTX vs FTHM: Correlation
Elicio Therapeutics, Inc. (ELTX) and Fathom Holdings Inc. (FTHM) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELTX and FTHM?
Over the past 3 years, ELTX and FTHM moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.55 versus -0.31 over 3 years. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -3796.6 %².
FTHM is close to the least connected end of ELTX's tracked universe, ranking #10 of 11. The trailing year gives FTHM the advantage: -71.1% versus -61.3%, a 9.8-point spread.
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 FTHM: side by side
| ELTX (Elicio Therapeutics, Inc.) | FTHM (Fathom Holdings Inc.) | |
|---|---|---|
| 1-year return | -71.1% | -61.3% |
| 5-year return | -97.2% | -97.7% |
| Volatility (ann.) | 93.6% | 130.4% |
| Beta vs S&P 500 | 0.68 | 2.16 |
| Max drawdown (3Y) | -81.4% | -93.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELTX | FTHM |
|---|---|---|
| 2022 | -72.0% | -79.2% |
| 2023 | +2.7% | -15.5% |
| 2024 | -38.8% | -57.4% |
| 2025 | +56.1% | -34.0% |
| 2026 | -62.3% | -34.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELTX and FTHM good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ELTX and FTHM?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.55 over the last year and -0.15 over 5 years.
Is FTHM a good diversifier for ELTX?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/eltx-vs-fthm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eltx-vs-fthm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ELTX correlations · FTHM correlations
