ENLV vs LQDA: Correlation
Measured on weekly returns over the past three years, Enlivex Ltd. (ENLV) and Liquidia Corporation (LQDA) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENLV and LQDA?
Over the past 3 years, ENLV and LQDA moved with a correlation of 0.38, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.38 over 3 years. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 3074.3 %².
Within ENLV's tracked universe of 13 assets, LQDA comes in at #5 by 3-year correlation. The last year tells two different stories: LQDA led by 240.8 percentage points, -91.0% for ENLV against +149.8% for LQDA. Note the risk asymmetry: ENLV runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ENLV vs LQDA: side by side
| ENLV (Enlivex Ltd.) | LQDA (Liquidia Corporation) | |
|---|---|---|
| 1-year return | -91.0% | +149.8% |
| 5-year return | -99.2% | +2500.0% |
| Volatility (ann.) | 111.4% | 72.2% |
| Beta vs S&P 500 | 1.02 | 1.47 |
| Max drawdown (3Y) | -97.7% | -46.8% |
| Market cap | – | $6.3B |
| P/E (trailing) | 0.0 | 51.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENLV | LQDA |
|---|---|---|
| 2022 | -37.0% | +30.8% |
| 2023 | -31.4% | +88.9% |
| 2024 | -56.7% | -2.2% |
| 2025 | -39.9% | +193.3% |
| 2026 | -86.0% | +102.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENLV and LQDA good diversifiers for each other?
Reasonably. At 0.38, ENLV and LQDA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ENLV and LQDA?
As of 2026-08-27, the correlation of weekly returns between ENLV and LQDA is 0.38 over 3 years, 0.18 over 1 year and 0.25 over 5 years.
Is LQDA a good diversifier for ENLV?
Reasonably. At 0.38, ENLV and LQDA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/enlv-vs-lqda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/enlv-vs-lqda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENLV correlations · LQDA correlations
