ENTA vs INO: Correlation
How closely do Enanta Pharmaceuticals, Inc. (ENTA) and Inovio Pharmaceuticals, Inc. (INO) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTA and INO?
Over the past 3 years, ENTA and INO moved with a correlation of 0.42, which is moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.42). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 2991.4 %².
Among the 15 assets we track against ENTA, INO ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ENTA ahead by 110.6 points (+61.8% versus -48.8%).
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.
ENTA vs INO: side by side
| ENTA (Enanta Pharmaceuticals, Inc.) | INO (Inovio Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +61.8% | -48.8% |
| 5-year return | -75.7% | -98.8% |
| Volatility (ann.) | 70.9% | 99.4% |
| Beta vs S&P 500 | 1.57 | 1.55 |
| Max drawdown (3Y) | -75.6% | -95.2% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENTA | INO |
|---|---|---|
| 2022 | -37.8% | -68.7% |
| 2023 | -79.8% | -67.3% |
| 2024 | -38.9% | -70.1% |
| 2025 | +174.3% | -4.9% |
| 2026 | -12.5% | -27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTA and INO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ENTA and INO?
As of 2026-08-27, the correlation of weekly returns between ENTA and INO is 0.42 over 3 years, 0.22 over 1 year and 0.39 over 5 years.
Is INO a good diversifier for ENTA?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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.
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Related comparisons
Hubs: ENTA correlations · INO correlations
