EQH vs EXFY: Correlation
How closely do Equitable Holdings, Inc. (EQH) and Expensify, Inc. (EXFY) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQH and EXFY?
Over the past 3 years, EQH and EXFY moved with a correlation of 0.44, which is moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.44). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 1009.4 %².
Among the 20 assets we track against EQH, EXFY ranks #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EXFY ahead by 37.5 points (-4.2% versus +33.3%). Risk is not evenly split, since EXFY carries 3.1 times the volatility of the other side.
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.
EQH vs EXFY: side by side
| EQH (Equitable Holdings, Inc.) | EXFY (Expensify, Inc.) | |
|---|---|---|
| 1-year return | -4.2% | +33.3% |
| 5-year return | +83.5% | -93.8% |
| Volatility (ann.) | 27.3% | 83.7% |
| Beta vs S&P 500 | 1.19 | 2.04 |
| Max drawdown (3Y) | -35.8% | -83.4% |
| Market cap | $13.7B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 2.29% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQH | EXFY |
|---|---|---|
| 2022 | -10.2% | -79.9% |
| 2023 | +19.6% | -72.0% |
| 2024 | +45.0% | +35.6% |
| 2025 | +3.2% | -54.9% |
| 2026 | +7.4% | +69.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQH and EXFY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EQH and EXFY?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.55 over the last year and 0.35 over 5 years.
Is EXFY a good diversifier for EQH?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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.
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Related comparisons
Hubs: EQH correlations · EXFY correlations
