ESTC vs VVOS: Correlation
How closely do Elastic N.V. (ESTC) and Vivos Therapeutics, Inc. (VVOS) 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 ESTC and VVOS?
On 3 years of weekly data the ESTC/VVOS correlation comes out at 0.44, moderate. The link has loosened recently: the 1-year correlation (0.06) runs below the 3-year figure (0.44). The 5-year figure is 0.23, and annualized covariance runs at 5459.8 %².
By 3-year correlation, VVOS places #7 of the 14 assets tracked against ESTC. The last year tells two different stories: ESTC led by 94.9 percentage points, +0.5% for ESTC against -94.4% for VVOS. One caveat on sizing: VVOS is 4.1 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.
ESTC vs VVOS: side by side
| ESTC (Elastic N.V.) | VVOS (Vivos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +0.5% | -94.4% |
| 5-year return | -47.3% | -99.8% |
| Volatility (ann.) | 55.1% | 226.0% |
| Beta vs S&P 500 | 1.44 | 1.24 |
| Max drawdown (3Y) | -67.6% | -99.4% |
| Market cap | $8.7B | – |
| P/E (trailing) | 23.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESTC | VVOS |
|---|---|---|
| 2022 | -58.2% | -82.1% |
| 2023 | +118.8% | +23.8% |
| 2024 | -12.1% | -65.5% |
| 2025 | -23.9% | -52.7% |
| 2026 | +11.0% | -87.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESTC and VVOS good diversifiers for each other?
Reasonably. At 0.44, ESTC and VVOS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ESTC and VVOS?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.06 over the last year and 0.23 over 5 years.
Is VVOS a good diversifier for ESTC?
Reasonably. At 0.44, ESTC and VVOS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/estc-vs-vvos.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/estc-vs-vvos/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ESTC correlations · VVOS correlations
