ASND vs ENTA: Correlation
Ascendis Pharma A/S (ASND) and Enanta Pharmaceuticals, Inc. (ENTA) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASND and ENTA?
Over the past 3 years, ASND and ENTA moved with a correlation of 0.39, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.50 versus 0.39 over 3 years. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 1111.8 %².
ENTA is one of the assets that tracks ASND most closely: it ranks #3 out of the 11 assets we track against ASND. Their recent paths diverged sharply: over the last 12 months ENTA outperformed by 32.6 percentage points (+29.2% for ASND against +61.8% for ENTA). Risk is not evenly split, since ENTA carries 1.8 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.
ASND vs ENTA: side by side
| ASND (Ascendis Pharma A/S) | ENTA (Enanta Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +29.2% | +61.8% |
| 5-year return | +61.6% | -75.7% |
| Volatility (ann.) | 40.2% | 70.9% |
| Beta vs S&P 500 | 0.69 | 1.57 |
| Max drawdown (3Y) | -29.2% | -75.6% |
| Market cap | $16.4B | $0.4B |
| P/E (trailing) | 19.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASND | ENTA |
|---|---|---|
| 2022 | -9.2% | -37.8% |
| 2023 | +3.1% | -79.8% |
| 2024 | +9.3% | -38.9% |
| 2025 | +54.9% | +174.3% |
| 2026 | +16.9% | -12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASND and ENTA good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ASND and ENTA?
As of 2026-08-27, the correlation of weekly returns between ASND and ENTA is 0.39 over 3 years, 0.50 over 1 year and 0.27 over 5 years.
Is ENTA a good diversifier for ASND?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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/asnd-vs-enta.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asnd-vs-enta/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASND correlations · ENTA correlations
