BLTE vs ESTC
Comparison between Belite Bio Inc (BLTE, Company) and Elastic N.V (ESTC, Company).
BLTE is from the Healthcare sector, while ESTC is from the Technology sector.
BLTE vs ESTC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap
Winner
BLTE
$6.18B
ESTC
$6.15B
Max Drawdown
Winner
BLTE
74.59%
ESTC
76.82%
Sharpe Ratio
Winner
BLTE
1.90
ESTC
-0.57
5Y Beta
Winner
BLTE
0.55
ESTC
1.30
Industry
BLTE
Biotechnology
ESTC
Software - Application
P/E Ratio
Winner
BLTE
-79.65
ESTC
16.66
Forward P/E
BLTE
227.27
Winner
ESTC
17.64
PEG Ratio
Winner
BLTE
-1.08
ESTC
4.17
5Y EPS CAGR
BLTE
24.69%
ESTC
N/A
Debt to Equity
Winner
BLTE
0.00%
ESTC
44.72%
Free Cash Flow Yield
BLTE
-0.60%
Winner
ESTC
5.24%
P/S Ratio
BLTE
N/A
ESTC
3.53
P/B Ratio
BLTE
8.12
Winner
ESTC
4.90
BLTE vs ESTC - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BLTE
+1.72%
ESTC
-0.09%
3M
BLTE
-4.90%
Winner
ESTC
+26.42%
6M
Winner
BLTE
-6.81%
ESTC
-18.28%
1Y
Winner
BLTE
+147.95%
ESTC
-33.87%
5Y(CAGR)
Winner
BLTE
+87.96%
ESTC
-17.01%
Max(CAGR)
Winner
BLTE
+87.96%
ESTC
-2.24%
BLTE vs ESTC - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | BLTE | ESTC |
|---|---|---|
| 2026 | -3.71% | -19.16% |
| 2025 | +147.00% | -23.87% |
| 2024 | +47.57% | -7.00% |
| 2023 | +53.52% | +124.68% |
| 2022 | +184.66% | -56.93% |
| 2021 | N/A | -12.99% |
| 2020 | N/A | +122.12% |
| 2019 | N/A | -3.12% |
| 2018 | N/A | +2.11% |
BLTE vs ESTC Drawdown Comparison
The maximum drawdown for BLTE was -74.59%, occurring on Jun 23, 2023. Recovery took 364 trading sessions.
The maximum drawdown for ESTC was -76.82%, occurring on Apr 10, 2026. This drawdown has not yet recovered.
The current BLTE drawdown is -19.41%. The current ESTC drawdown is -68.59%.
| Rank | BLTE | ESTC |
|---|---|---|
| #1 | -74.59% Jul 5, 2022 - Dec 13, 2023 | -76.82% Nov 16, 2021 - Apr 10, 2026 |
| #2 | -36.60% Nov 14, 2024 - Oct 16, 2025 | -56.99% Jul 26, 2019 - Aug 20, 2020 |
| #3 | -32.66% Feb 14, 2024 - May 30, 2024 | -39.87% Jan 21, 2021 - Sep 3, 2021 |
| #4 | -29.10% Feb 27, 2026 - Jun 2, 2026 | -26.69% Feb 27, 2019 - Jul 22, 2019 |
| #5 | -23.75% May 6, 2022 - Jun 9, 2022 | -23.74% Dec 3, 2018 - Jan 30, 2019 |
| #6 | -19.49% Jun 24, 2022 - Jul 1, 2022 | -21.02% Oct 13, 2020 - Dec 3, 2020 |
| #7 | -16.24% Apr 29, 2022 - May 3, 2022 | -17.01% Sep 3, 2021 - Oct 14, 2021 |
| #8 | -15.04% Dec 27, 2023 - Jan 17, 2024 | -13.92% Nov 8, 2018 - Dec 3, 2018 |
| #9 | -13.23% Oct 29, 2024 - Nov 1, 2024 | -13.54% Oct 5, 2018 - Nov 7, 2018 |
| #10 | -11.37% Nov 18, 2025 - Nov 24, 2025 | -11.68% Aug 26, 2020 - Oct 5, 2020 |
| #11 | -9.87% Nov 10, 2025 - Nov 18, 2025 | -11.08% Dec 22, 2020 - Jan 15, 2021 |
| #12 | -9.49% Dec 29, 2025 - Jan 27, 2026 | -5.59% Dec 8, 2020 - Dec 17, 2020 |
| #13 | -9.18% Jun 13, 2024 - Jul 19, 2024 | -5.39% Feb 5, 2019 - Feb 14, 2019 |
| #14 | -8.52% Jul 19, 2024 - Aug 13, 2024 | -5.24% Nov 9, 2021 - Nov 16, 2021 |
| #15 | -8.25% Dec 1, 2025 - Dec 17, 2025 | -3.39% Aug 20, 2020 - Aug 26, 2020 |
Correlation
Correlation between BLTE and ESTC is -0.26 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.26
-101
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