ENTA vs PYPD: Correlation
Measured on weekly returns over the past three years, Enanta Pharmaceuticals, Inc. (ENTA) and PolyPid Ltd. (PYPD) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTA and PYPD?
Over the past 3 years, ENTA and PYPD moved with a correlation of 0.35, which is moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.35). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 2018.7 %².
Within ENTA's tracked universe of 15 assets, PYPD comes in at #10 by 3-year correlation. Over the last 12 months ENTA came out ahead by 12.1 percentage points (+61.8% against +49.7%).
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 PYPD: side by side
| ENTA (Enanta Pharmaceuticals, Inc.) | PYPD (PolyPid Ltd.) | |
|---|---|---|
| 1-year return | +61.8% | +49.7% |
| 5-year return | -75.7% | -98.1% |
| Volatility (ann.) | 70.9% | 81.4% |
| Beta vs S&P 500 | 1.57 | 0.49 |
| Max drawdown (3Y) | -75.6% | -74.1% |
| 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 | PYPD |
|---|---|---|
| 2022 | -37.8% | -87.8% |
| 2023 | -79.8% | -81.9% |
| 2024 | -38.9% | -20.0% |
| 2025 | +174.3% | +42.8% |
| 2026 | -12.5% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTA and PYPD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ENTA and PYPD?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.21 over the last year and 0.28 over 5 years.
Is PYPD a good diversifier for ENTA?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/enta-vs-pypd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/enta-vs-pypd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ENTA correlations · PYPD correlations
