ANAB vs ENTA: Correlation
AnaptysBio, Inc. (ANAB) and Enanta Pharmaceuticals, Inc. (ENTA) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANAB and ENTA?
Across a 3-year window, the weekly returns of ANAB and ENTA correlate at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 2640.1 %².
Few assets follow ANAB as closely as ENTA, which ranks #1 of 10 tracked partners. The last year tells two different stories: ANAB led by 259.4 percentage points, +321.2% for ANAB against +61.8% for ENTA.
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.
ANAB vs ENTA: side by side
| ANAB (AnaptysBio, Inc.) | ENTA (Enanta Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +321.2% | +61.8% |
| 5-year return | +243.9% | -75.7% |
| Volatility (ann.) | 74.9% | 70.9% |
| Beta vs S&P 500 | 1.03 | 1.57 |
| Max drawdown (3Y) | -69.3% | -75.6% |
| Market cap | $1.7B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANAB | ENTA |
|---|---|---|
| 2022 | -10.8% | -37.8% |
| 2023 | -30.9% | -79.8% |
| 2024 | -38.2% | -38.9% |
| 2025 | +266.2% | +174.3% |
| 2026 | +77.3% | -12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANAB and ENTA good diversifiers for each other?
Only partially. A correlation of 0.50 means ANAB and ENTA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ANAB and ENTA?
As of 2026-08-27, the correlation of weekly returns between ANAB and ENTA is 0.50 over 3 years, 0.46 over 1 year and 0.45 over 5 years.
Is ENTA a good diversifier for ANAB?
Only partially. A correlation of 0.50 means ANAB and ENTA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/anab-vs-enta.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/anab-vs-enta/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANAB correlations · ENTA correlations
