AMP vs ENTX: Correlation
Measured on weekly returns over the past three years, Ameriprise Financial (AMP) and Entera Bio Ltd. (ENTX) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and ENTX?
Over the past 3 years, AMP and ENTX moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.41) runs below the 3-year figure (-0.16). Over 5 years the correlation is -0.01, and the annualized covariance of weekly returns is -391.7 %².
By 3-year correlation, ENTX places #25 of the 34 assets tracked against AMP. Their recent paths diverged sharply: over the last 12 months ENTX outperformed by 48.4 percentage points (+8.7% for AMP against +57.1% for ENTX). Note the risk asymmetry: ENTX runs 3.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AMP vs ENTX: side by side
| AMP (Ameriprise Financial) | ENTX (Entera Bio Ltd.) | |
|---|---|---|
| 1-year return | +8.7% | +57.1% |
| 5-year return | +119.2% | -36.1% |
| Volatility (ann.) | 25.0% | 96.7% |
| Beta vs S&P 500 | 1.09 | 0.33 |
| Max drawdown (3Y) | -26.4% | -68.2% |
| Market cap | $49.1B | $0.5B |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 1.16% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AMP | ENTX |
|---|---|---|
| 2022 | +5.0% | -74.1% |
| 2023 | +24.0% | -17.8% |
| 2024 | +42.1% | +253.3% |
| 2025 | -6.7% | -8.5% |
| 2026 | +14.5% | +58.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and ENTX good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AMP and ENTX?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.41 over the last year and -0.01 over 5 years.
Is ENTX a good diversifier for AMP?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amp-vs-entx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amp-vs-entx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMP correlations · ENTX correlations
