ELVN vs INLX: Correlation
Measured on weekly returns over the past three years, Enliven Therapeutics, Inc. (ELVN) and Intellinetics, Inc. (INLX) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELVN and INLX?
Across a 3-year window, the weekly returns of ELVN and INLX correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.23 over 3. Stretching to 5 years gives -0.01, with an annualized covariance of -1187.2 %².
Out of 11 assets tracked against ELVN, INLX lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months ELVN outperformed by 239.0 percentage points (+192.6% for ELVN against -46.4% for INLX).
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.
ELVN vs INLX: side by side
| ELVN (Enliven Therapeutics, Inc.) | INLX (Intellinetics, Inc.) | |
|---|---|---|
| 1-year return | +192.6% | -46.4% |
| 5-year return | +225.3% | +7.4% |
| Volatility (ann.) | 84.7% | 60.0% |
| Beta vs S&P 500 | 1.32 | -0.07 |
| Max drawdown (3Y) | -49.5% | -65.9% |
| Market cap | $4.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELVN | INLX |
|---|---|---|
| 2022 | +81.8% | -43.5% |
| 2023 | -15.4% | +18.5% |
| 2024 | +62.6% | +171.7% |
| 2025 | -31.6% | -42.0% |
| 2026 | +292.9% | -34.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELVN and INLX good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ELVN and INLX?
The ELVN/INLX correlation stands at -0.23 on a 3-year window (1 year: -0.20, 5 years: -0.01), computed from weekly returns as of 2026-08-27.
Is INLX a good diversifier for ELVN?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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/elvn-vs-inlx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/elvn-vs-inlx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ELVN correlations · INLX correlations
