APD vs ENTX: Correlation
Measured on weekly returns over the past three years, Air Products (APD) and Entera Bio Ltd. (ENTX) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APD and ENTX?
On 3 years of weekly data the APD/ENTX correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. The 5-year figure is -0.08, and annualized covariance runs at -519.6 %².
By 3-year correlation, ENTX places #24 of the 33 assets tracked against APD. Their recent paths diverged sharply: over the last 12 months ENTX outperformed by 50.6 percentage points (+6.5% for APD against +57.1% for ENTX). Risk is not evenly split, since ENTX carries 3.6 times the volatility of the other side.
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.
APD vs ENTX: side by side
| APD (Air Products) | ENTX (Entera Bio Ltd.) | |
|---|---|---|
| 1-year return | +6.5% | +57.1% |
| 5-year return | +28.2% | -36.1% |
| Volatility (ann.) | 26.7% | 96.7% |
| Beta vs S&P 500 | 0.64 | 0.33 |
| Max drawdown (3Y) | -30.4% | -68.2% |
| Market cap | $68.0B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 2.35% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | APD | ENTX |
|---|---|---|
| 2022 | +3.9% | -74.1% |
| 2023 | -9.0% | -17.8% |
| 2024 | +8.1% | +253.3% |
| 2025 | -12.7% | -8.5% |
| 2026 | +26.1% | +58.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APD and ENTX good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between APD and ENTX?
As of 2026-08-27, the correlation of weekly returns between APD and ENTX is -0.20 over 3 years, -0.27 over 1 year and -0.08 over 5 years.
Is ENTX a good diversifier for APD?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apd-vs-entx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apd-vs-entx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APD correlations · ENTX correlations
