ESLT vs SLNG: Correlation
Elbit Systems Ltd. (ESLT) and Stabilis Solutions, Inc. (SLNG) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESLT and SLNG?
Over the past 3 years, ESLT and SLNG moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.21 over 3. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -526.3 %².
Out of 13 assets tracked against ESLT, SLNG lands near the bottom at #12. On 12-month performance ESLT holds a 5.0-point edge, +48.5% against +43.5%. Risk is not evenly split, since SLNG carries 1.9 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.
ESLT vs SLNG: side by side
| ESLT (Elbit Systems Ltd.) | SLNG (Stabilis Solutions, Inc.) | |
|---|---|---|
| 1-year return | +48.5% | +43.5% |
| 5-year return | +410.2% | -16.1% |
| Volatility (ann.) | 36.5% | 69.9% |
| Beta vs S&P 500 | 0.26 | 0.39 |
| Max drawdown (3Y) | -29.3% | -58.7% |
| Market cap | $33.7B | $0.1B |
| P/E (trailing) | 54.4 | – |
| Dividend yield | 0.52% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESLT | SLNG |
|---|---|---|
| 2022 | -4.8% | +25.8% |
| 2023 | +31.3% | -22.0% |
| 2024 | +22.2% | +28.9% |
| 2025 | +125.1% | -15.0% |
| 2026 | +24.7% | +28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESLT and SLNG good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between ESLT and SLNG?
As of 2026-08-27, the correlation of weekly returns between ESLT and SLNG is -0.21 over 3 years, -0.21 over 1 year and -0.08 over 5 years.
Is SLNG a good diversifier for ESLT?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ESLT correlations · SLNG correlations
