ENTA vs VXZ: Correlation
Enanta Pharmaceuticals, Inc. (ENTA) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTA and VXZ?
On 3 years of weekly data the ENTA/VXZ correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. The 5-year figure is -0.18, and annualized covariance runs at -498.5 %².
VXZ is close to the least connected end of ENTA's tracked universe, ranking #14 of 15. The last year tells two different stories: ENTA led by 77.9 percentage points, +61.8% for ENTA against -16.1% for VXZ. One caveat on sizing: ENTA is 2.8 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.
ENTA vs VXZ: side by side
| ENTA (Enanta Pharmaceuticals, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +61.8% | -16.1% |
| 5-year return | -75.7% | -53.1% |
| Volatility (ann.) | 70.9% | 25.6% |
| Beta vs S&P 500 | 1.57 | -1.31 |
| Max drawdown (3Y) | -75.6% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENTA | VXZ |
|---|---|---|
| 2022 | -37.8% | +0.5% |
| 2023 | -79.8% | -44.0% |
| 2024 | -38.9% | -12.7% |
| 2025 | +174.3% | +5.7% |
| 2026 | -12.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTA and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between ENTA and VXZ?
As of 2026-08-27, the correlation of weekly returns between ENTA and VXZ is -0.27 over 3 years, -0.21 over 1 year and -0.18 over 5 years.
Is VXZ a good diversifier for ENTA?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/enta-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/enta-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ENTA correlations · VXZ correlations
