EOSE vs SLDP: Correlation
How closely do Eos Energy Enterprises, Inc. (EOSE) and Solid Power, Inc. (SLDP) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOSE and SLDP?
On 3 years of weekly data the EOSE/SLDP correlation comes out at 0.42, moderate. The past 12 months show a tighter link (0.53) than the 3-year average (0.42). The 5-year figure is 0.33, and annualized covariance runs at 3984.4 %².
Few assets follow EOSE as closely as SLDP, which ranks #3 of 10 tracked partners. On 12-month performance SLDP holds a 5.6-point edge, -52.0% against -46.4%.
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.
EOSE vs SLDP: side by side
| EOSE (Eos Energy Enterprises, Inc.) | SLDP (Solid Power, Inc.) | |
|---|---|---|
| 1-year return | -52.0% | -46.4% |
| 5-year return | -73.5% | -76.1% |
| Volatility (ann.) | 107.4% | 87.4% |
| Beta vs S&P 500 | 2.71 | 1.88 |
| Max drawdown (3Y) | -83.6% | -76.5% |
| Market cap | $1.2B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EOSE | SLDP |
|---|---|---|
| 2022 | -80.3% | -70.9% |
| 2023 | -26.4% | -42.9% |
| 2024 | +345.9% | +30.3% |
| 2025 | +135.8% | +124.9% |
| 2026 | -70.2% | -44.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOSE and SLDP good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EOSE and SLDP?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.53 over the last year and 0.33 over 5 years.
Is SLDP a good diversifier for EOSE?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/eose-vs-sldp.json
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[](https://www.pairbook.io/pair/eose-vs-sldp/)
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Related comparisons
Hubs: EOSE correlations · SLDP correlations
