ELTX vs STHO: Correlation
Measured on weekly returns over the past three years, Elicio Therapeutics, Inc. (ELTX) and Star Holdings - Shares of Beneficial Interest (STHO) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELTX and STHO?
Over the past 3 years, ELTX and STHO moved with a correlation of 0.34, which is moderate. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1120.3 %².
In ELTX's tracked universe of 11 assets, STHO sits right near the top at #1. Correlation aside, the last 12 months split them widely, with STHO ahead by 87.8 points (-71.1% versus +16.7%). One caveat on sizing: ELTX is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 STHO: side by side
| ELTX (Elicio Therapeutics, Inc.) | STHO (Star Holdings - Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -71.1% | +16.7% |
| 5-year return | -97.2% | n/a |
| Volatility (ann.) | 93.6% | 35.5% |
| Beta vs S&P 500 | 0.68 | 0.88 |
| Max drawdown (3Y) | -81.4% | -59.4% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 8.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELTX | STHO |
|---|---|---|
| 2022 | -72.0% | – |
| 2023 | +2.7% | – |
| 2024 | -38.8% | -35.0% |
| 2025 | +56.1% | -15.4% |
| 2026 | -62.3% | +19.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELTX and STHO good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ELTX and STHO?
The ELTX/STHO correlation stands at 0.34 on a 3-year window (1 year: 0.30, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is STHO a good diversifier for ELTX?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eltx-vs-stho.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eltx-vs-stho/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ELTX correlations · STHO correlations
