ESTC vs BLTE
Comparison between Elastic N.V (ESTC, Company) and Belite Bio Inc (BLTE, Company).
ESTC is from the Technology sector, while BLTE is from the Healthcare sector.
ESTC vs BLTE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap
ESTC
$6.15B
Winner
BLTE
$6.18B
Max Drawdown
ESTC
76.82%
Winner
BLTE
74.59%
Sharpe Ratio
ESTC
-0.57
Winner
BLTE
1.90
5Y Beta
ESTC
1.30
Winner
BLTE
0.55
Industry
ESTC
Software - Application
BLTE
Biotechnology
P/E Ratio
ESTC
16.66
Winner
BLTE
-79.65
Forward P/E
Winner
ESTC
17.64
BLTE
227.27
PEG Ratio
ESTC
4.17
Winner
BLTE
-1.08
5Y EPS CAGR
ESTC
N/A
BLTE
24.69%
Debt to Equity
ESTC
44.72%
Winner
BLTE
0.00%
Free Cash Flow Yield
Winner
ESTC
5.24%
BLTE
-0.60%
P/S Ratio
ESTC
3.53
BLTE
N/A
P/B Ratio
Winner
ESTC
4.90
BLTE
8.12
ESTC vs BLTE - Historical Returns
Returns include dividend reinvestment.
1M
ESTC
-0.09%
Winner
BLTE
+1.72%
3M
Winner
ESTC
+26.42%
BLTE
-4.90%
6M
ESTC
-18.28%
Winner
BLTE
-6.81%
1Y
ESTC
-33.87%
Winner
BLTE
+147.95%
5Y(CAGR)
ESTC
-17.01%
Winner
BLTE
+87.96%
Max(CAGR)
ESTC
-2.24%
Winner
BLTE
+87.96%
ESTC vs BLTE - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | ESTC | BLTE |
|---|---|---|
| 2026 | -19.16% | -3.71% |
| 2025 | -23.87% | +147.00% |
| 2024 | -7.00% | +47.57% |
| 2023 | +124.68% | +53.52% |
| 2022 | -56.93% | +184.66% |
| 2021 | -12.99% | N/A |
| 2020 | +122.12% | N/A |
| 2019 | -3.12% | N/A |
| 2018 | +2.11% | N/A |
ESTC vs BLTE Drawdown Comparison
The maximum drawdown for ESTC was -76.82%, occurring on Apr 10, 2026. This drawdown has not yet recovered.
The maximum drawdown for BLTE was -74.59%, occurring on Jun 23, 2023. Recovery took 364 trading sessions.
The current ESTC drawdown is -68.59%. The current BLTE drawdown is -19.41%.
| Rank | ESTC | BLTE |
|---|---|---|
| #1 | -76.82% Nov 16, 2021 - Apr 10, 2026 | -74.59% Jul 5, 2022 - Dec 13, 2023 |
| #2 | -56.99% Jul 26, 2019 - Aug 20, 2020 | -36.60% Nov 14, 2024 - Oct 16, 2025 |
| #3 | -39.87% Jan 21, 2021 - Sep 3, 2021 | -32.66% Feb 14, 2024 - May 30, 2024 |
| #4 | -26.69% Feb 27, 2019 - Jul 22, 2019 | -29.10% Feb 27, 2026 - Jun 2, 2026 |
| #5 | -23.74% Dec 3, 2018 - Jan 30, 2019 | -23.75% May 6, 2022 - Jun 9, 2022 |
| #6 | -21.02% Oct 13, 2020 - Dec 3, 2020 | -19.49% Jun 24, 2022 - Jul 1, 2022 |
| #7 | -17.01% Sep 3, 2021 - Oct 14, 2021 | -16.24% Apr 29, 2022 - May 3, 2022 |
| #8 | -13.92% Nov 8, 2018 - Dec 3, 2018 | -15.04% Dec 27, 2023 - Jan 17, 2024 |
| #9 | -13.54% Oct 5, 2018 - Nov 7, 2018 | -13.23% Oct 29, 2024 - Nov 1, 2024 |
| #10 | -11.68% Aug 26, 2020 - Oct 5, 2020 | -11.37% Nov 18, 2025 - Nov 24, 2025 |
| #11 | -11.08% Dec 22, 2020 - Jan 15, 2021 | -9.87% Nov 10, 2025 - Nov 18, 2025 |
| #12 | -5.59% Dec 8, 2020 - Dec 17, 2020 | -9.49% Dec 29, 2025 - Jan 27, 2026 |
| #13 | -5.39% Feb 5, 2019 - Feb 14, 2019 | -9.18% Jun 13, 2024 - Jul 19, 2024 |
| #14 | -5.24% Nov 9, 2021 - Nov 16, 2021 | -8.52% Jul 19, 2024 - Aug 13, 2024 |
| #15 | -3.39% Aug 20, 2020 - Aug 26, 2020 | -8.25% Dec 1, 2025 - Dec 17, 2025 |
Correlation
Correlation between ESTC and BLTE 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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