ELVN vs TREX: Correlation
Measured on weekly returns over the past three years, Enliven Therapeutics, Inc. (ELVN) and Trex Company, Inc. (TREX) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELVN and TREX?
Over the past 3 years, ELVN and TREX moved with a correlation of 0.40, which is moderate. The past 12 months show a tighter link (0.53) than the 3-year average (0.40). Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 1542.1 %².
Within ELVN's tracked universe of 11 assets, TREX comes in at #6 by 3-year correlation. The last year tells two different stories: ELVN led by 219.9 percentage points, +192.6% for ELVN against -27.3% for TREX. Risk is not evenly split, since ELVN carries 1.9 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.
ELVN vs TREX: side by side
| ELVN (Enliven Therapeutics, Inc.) | TREX (Trex Company, Inc.) | |
|---|---|---|
| 1-year return | +192.6% | -27.3% |
| 5-year return | +225.3% | -58.7% |
| Volatility (ann.) | 84.7% | 45.3% |
| Beta vs S&P 500 | 1.32 | 1.48 |
| Max drawdown (3Y) | -49.5% | -69.9% |
| Market cap | $4.4B | $4.7B |
| P/E (trailing) | – | 27.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELVN | TREX |
|---|---|---|
| 2022 | +81.8% | -68.7% |
| 2023 | -15.4% | +95.6% |
| 2024 | +62.6% | -16.6% |
| 2025 | -31.6% | -49.2% |
| 2026 | +292.9% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELVN and TREX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ELVN and TREX?
As of 2026-08-27, the correlation of weekly returns between ELVN and TREX is 0.40 over 3 years, 0.53 over 1 year and 0.27 over 5 years.
Is TREX a good diversifier for ELVN?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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-trex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/elvn-vs-trex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ELVN correlations · TREX correlations
