ENLV vs OPXS: Correlation
How closely do Enlivex Ltd. (ENLV) and Optex Systems Holdings, Inc. (OPXS) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENLV and OPXS?
On 3 years of weekly data the ENLV/OPXS correlation comes out at 0.36, moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.36). The 5-year figure is 0.31, and annualized covariance runs at 2397.1 %².
Among the 13 assets we track against ENLV, OPXS ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OPXS ahead by 86.7 points (-91.0% versus -4.3%). One caveat on sizing: ENLV 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.
ENLV vs OPXS: side by side
| ENLV (Enlivex Ltd.) | OPXS (Optex Systems Holdings, Inc.) | |
|---|---|---|
| 1-year return | -91.0% | -4.3% |
| 5-year return | -99.2% | +540.0% |
| Volatility (ann.) | 111.4% | 59.8% |
| Beta vs S&P 500 | 1.02 | 0.67 |
| Max drawdown (3Y) | -97.7% | -45.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.0 | 19.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENLV | OPXS |
|---|---|---|
| 2022 | -37.0% | +57.8% |
| 2023 | -31.4% | +122.2% |
| 2024 | -56.7% | +4.7% |
| 2025 | -39.9% | +106.7% |
| 2026 | -86.0% | -27.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENLV and OPXS good diversifiers for each other?
Reasonably. At 0.36, ENLV and OPXS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ENLV and OPXS?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.21 over the last year and 0.31 over 5 years.
Is OPXS a good diversifier for ENLV?
Reasonably. At 0.36, ENLV and OPXS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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/enlv-vs-opxs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/enlv-vs-opxs/)
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Related comparisons
Hubs: ENLV correlations · OPXS correlations
