ELVN vs ZNTL: Correlation
Enliven Therapeutics, Inc. (ELVN) and Zentalis Pharmaceuticals, Inc. (ZNTL) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELVN and ZNTL?
Across a 3-year window, the weekly returns of ELVN and ZNTL correlate at 0.43, moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.43). Stretching to 5 years gives 0.32, with an annualized covariance of 5805.4 %².
Few assets follow ELVN as closely as ZNTL, which ranks #2 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months ELVN outperformed by 79.4 percentage points (+192.6% for ELVN against +113.2% for ZNTL). One caveat on sizing: ZNTL is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 ZNTL: side by side
| ELVN (Enliven Therapeutics, Inc.) | ZNTL (Zentalis Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +192.6% | +113.2% |
| 5-year return | +225.3% | -94.1% |
| Volatility (ann.) | 84.7% | 159.7% |
| Beta vs S&P 500 | 1.32 | 2.82 |
| Max drawdown (3Y) | -49.5% | -96.2% |
| Market cap | $4.4B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELVN | ZNTL |
|---|---|---|
| 2022 | +81.8% | -76.0% |
| 2023 | -15.4% | -24.8% |
| 2024 | +62.6% | -80.0% |
| 2025 | -31.6% | -55.4% |
| 2026 | +292.9% | +187.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELVN and ZNTL good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ELVN and ZNTL?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.55 over the last year and 0.32 over 5 years.
Is ZNTL a good diversifier for ELVN?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/elvn-vs-zntl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/elvn-vs-zntl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ELVN correlations · ZNTL correlations
