ENTG vs ESI: Correlation
Measured on weekly returns over the past three years, Entegris, Inc. (ENTG) and Element Solutions Inc. (ESI) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTG and ESI?
Over the past 3 years, ENTG and ESI moved with a correlation of 0.70, which is strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.70 over 3. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 1208.7 %².
Within ENTG's tracked universe of 23 assets, ESI comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ENTG outperformed by 30.3 percentage points (+73.6% for ENTG against +43.3% for ESI). One caveat on sizing: ENTG is 1.6 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.
ENTG vs ESI: side by side
| ENTG (Entegris, Inc.) | ESI (Element Solutions Inc.) | |
|---|---|---|
| 1-year return | +73.6% | +43.3% |
| 5-year return | +22.7% | +67.5% |
| Volatility (ann.) | 53.0% | 32.8% |
| Beta vs S&P 500 | 2.17 | 1.26 |
| Max drawdown (3Y) | -56.9% | -40.0% |
| Market cap | $22.2B | $8.9B |
| P/E (trailing) | 71.6 | 49.4 |
| Dividend yield | 0.28% | 0.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENTG | ESI |
|---|---|---|
| 2022 | -52.5% | -23.9% |
| 2023 | +83.5% | +29.3% |
| 2024 | -17.1% | +11.3% |
| 2025 | -14.6% | -0.4% |
| 2026 | +72.9% | +46.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTG and ESI good diversifiers for each other?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ENTG and ESI?
As of 2026-08-27, the correlation of weekly returns between ENTG and ESI is 0.70 over 3 years, 0.69 over 1 year and 0.68 over 5 years.
Is ESI a good diversifier for ENTG?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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/entg-vs-esi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/entg-vs-esi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ENTG correlations · ESI correlations
