Excellent choice — #2 of 31 Elastane ranks #2 of 31 fabrics for quick drying. It is one of the best fabrics for this. Ranked on low moisture regain, low weight, and packability — the inverse of absorbency. The top pick is Polypropylene.
Elastane measures 40/100 for breathability, 1% moisture regain, 40/100 warmth, at 100 gsm. Fast drying favours low moisture regain: at 1% Elastane sheds water quickly, and 100 gsm keeps it light.