EVC vs PTLO: Correlation
How closely do Entravision Communications Corporation (EVC) and Portillo's Inc. (PTLO) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVC and PTLO?
Over the past 3 years, EVC and PTLO moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.47 versus -0.23 over 3 years. Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is -982.2 %².
Among the 19 assets we track against EVC, PTLO ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EVC outperformed by 268.1 percentage points (+232.1% for EVC against -36.0% for PTLO). Risk is not evenly split, since EVC carries 1.6 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.
EVC vs PTLO: side by side
| EVC (Entravision Communications Corporation) | PTLO (Portillo's Inc.) | |
|---|---|---|
| 1-year return | +232.1% | -36.0% |
| 5-year return | +53.1% | -84.6% |
| Volatility (ann.) | 82.5% | 52.1% |
| Beta vs S&P 500 | 0.94 | 0.82 |
| Max drawdown (3Y) | -67.4% | -79.5% |
| Market cap | $0.7B | $0.3B |
| P/E (trailing) | 404.5 | 24.9 |
| Dividend yield | 2.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVC | PTLO |
|---|---|---|
| 2022 | -27.8% | -56.5% |
| 2023 | -9.2% | -2.4% |
| 2024 | -37.6% | -41.0% |
| 2025 | +35.8% | -51.7% |
| 2026 | +182.3% | -1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVC and PTLO good diversifiers for each other?
Yes. With a correlation of -0.23, EVC and PTLO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EVC and PTLO?
As of 2026-08-27, the correlation of weekly returns between EVC and PTLO is -0.23 over 3 years, -0.47 over 1 year and -0.02 over 5 years.
Is PTLO a good diversifier for EVC?
Yes. With a correlation of -0.23, EVC and PTLO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
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Related comparisons
Hubs: EVC correlations · PTLO correlations
