BKR vs ENTX: Correlation
Baker Hughes (BKR) and Entera Bio Ltd. (ENTX) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKR and ENTX?
Across a 3-year window, the weekly returns of BKR and ENTX correlate at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.19 over 3. Stretching to 5 years gives -0.12, with an annualized covariance of -606.4 %².
Out of 30 assets tracked against BKR, ENTX lands near the bottom at #26. The last year tells two different stories: ENTX led by 16.2 percentage points, +40.9% for BKR against +57.1% for ENTX. Note the risk asymmetry: ENTX runs 3.0 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.
BKR vs ENTX: side by side
| BKR (Baker Hughes) | ENTX (Entera Bio Ltd.) | |
|---|---|---|
| 1-year return | +40.9% | +57.1% |
| 5-year return | +205.5% | -36.1% |
| Volatility (ann.) | 32.2% | 96.7% |
| Beta vs S&P 500 | 0.61 | 0.33 |
| Max drawdown (3Y) | -28.0% | -68.2% |
| Market cap | $61.7B | $0.5B |
| P/E (trailing) | 19.9 | – |
| Dividend yield | 1.48% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | BKR | ENTX |
|---|---|---|
| 2022 | +26.0% | -74.1% |
| 2023 | +18.6% | -17.8% |
| 2024 | +23.1% | +253.3% |
| 2025 | +13.4% | -8.5% |
| 2026 | +37.9% | +58.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKR and ENTX good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between BKR and ENTX?
The BKR/ENTX correlation stands at -0.19 on a 3-year window (1 year: -0.22, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is ENTX a good diversifier for BKR?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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/bkr-vs-entx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bkr-vs-entx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BKR correlations · ENTX correlations
