CRSP vs ENTA: Correlation
How closely do CRISPR Therapeutics AG (CRSP) and Enanta Pharmaceuticals, Inc. (ENTA) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRSP and ENTA?
Over the past 3 years, CRSP and ENTA moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 2013.8 %².
By 3-year correlation, ENTA places #13 of the 19 assets tracked against CRSP. Their recent paths diverged sharply: over the last 12 months ENTA outperformed by 50.9 percentage points (+10.9% for CRSP 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.
CRSP vs ENTA: side by side
| CRSP (CRISPR Therapeutics AG) | ENTA (Enanta Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +10.9% | +61.8% |
| 5-year return | -50.8% | -75.7% |
| Volatility (ann.) | 58.5% | 70.9% |
| Beta vs S&P 500 | 2.10 | 1.57 |
| Max drawdown (3Y) | -64.9% | -75.6% |
| Market cap | $5.7B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRSP | ENTA |
|---|---|---|
| 2022 | -46.4% | -37.8% |
| 2023 | +54.0% | -79.8% |
| 2024 | -37.1% | -38.9% |
| 2025 | +33.2% | +174.3% |
| 2026 | +13.2% | -12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRSP and ENTA good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRSP and ENTA?
As of 2026-08-27, the correlation of weekly returns between CRSP and ENTA is 0.49 over 3 years, 0.44 over 1 year and 0.35 over 5 years.
Is ENTA a good diversifier for CRSP?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/crsp-vs-enta.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crsp-vs-enta/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRSP correlations · ENTA correlations
