ENLV vs RENT: Correlation
How closely do Enlivex Ltd. (ENLV) and Rent the Runway, Inc. (RENT) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENLV and RENT?
Across a 3-year window, the weekly returns of ENLV and RENT correlate at -0.32, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.19) than the 3-year average (-0.32). Stretching to 5 years gives -0.24, with an annualized covariance of -7515.7 %².
Out of 13 assets tracked against ENLV, RENT lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with RENT ahead by 55.2 points (-91.0% versus -35.8%). Note the risk asymmetry: RENT runs 1.9 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 RENT: side by side
| ENLV (Enlivex Ltd.) | RENT (Rent the Runway, Inc.) | |
|---|---|---|
| 1-year return | -91.0% | -35.8% |
| 5-year return | -99.2% | -99.1% |
| Volatility (ann.) | 111.4% | 212.1% |
| Beta vs S&P 500 | 1.02 | 2.17 |
| Max drawdown (3Y) | -97.7% | -91.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.0 | 0.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENLV | RENT |
|---|---|---|
| 2022 | -37.0% | -62.6% |
| 2023 | -31.4% | -82.7% |
| 2024 | -56.7% | -19.5% |
| 2025 | -39.9% | -6.9% |
| 2026 | -86.0% | -54.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENLV and RENT good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ENLV and RENT?
As of 2026-08-27, the correlation of weekly returns between ENLV and RENT is -0.32 over 3 years, -0.19 over 1 year and -0.24 over 5 years.
Is RENT a good diversifier for ENLV?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 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-rent.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/enlv-vs-rent/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENLV correlations · RENT correlations
