CGEN vs ENLV: Correlation
Compugen Ltd. (CGEN) and Enlivex Ltd. (ENLV) 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 CGEN and ENLV?
Across a 3-year window, the weekly returns of CGEN and ENLV correlate at 0.50, moderate. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.50). Stretching to 5 years gives 0.43, with an annualized covariance of 5270.6 %².
In CGEN's tracked universe of 18 assets, ENLV sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months CGEN outperformed by 178.8 percentage points (+87.8% for CGEN against -91.0% for ENLV).
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.
CGEN vs ENLV: side by side
| CGEN (Compugen Ltd.) | ENLV (Enlivex Ltd.) | |
|---|---|---|
| 1-year return | +87.8% | -91.0% |
| 5-year return | -59.2% | -99.2% |
| Volatility (ann.) | 95.6% | 111.4% |
| Beta vs S&P 500 | 1.63 | 1.02 |
| Max drawdown (3Y) | -60.0% | -97.7% |
| Market cap | $0.3B | – |
| P/E (trailing) | 7.3 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGEN | ENLV |
|---|---|---|
| 2022 | -83.3% | -37.0% |
| 2023 | +175.0% | -31.4% |
| 2024 | -22.7% | -56.7% |
| 2025 | +0.0% | -39.9% |
| 2026 | +80.4% | -86.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGEN and ENLV good diversifiers for each other?
Only partially. A correlation of 0.50 means CGEN and ENLV 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 CGEN and ENLV?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.10 over the last year and 0.43 over 5 years.
Is ENLV a good diversifier for CGEN?
Only partially. A correlation of 0.50 means CGEN and ENLV 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?
On the −1 to +1 scale, 0.50 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/cgen-vs-enlv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cgen-vs-enlv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CGEN correlations · ENLV correlations
