ENTX vs FDX: Correlation
How closely do Entera Bio Ltd. (ENTX) and FedEx (FDX) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTX and FDX?
Over the past 3 years, ENTX and FDX moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.17 over 3 years. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -506.4 %².
Among the 24 assets we track against ENTX, FDX ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FDX ahead by 23.5 points (+57.1% versus +80.6%). One caveat on sizing: ENTX is 3.1 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.
ENTX vs FDX: side by side
| ENTX (Entera Bio Ltd.) | FDX (FedEx) | |
|---|---|---|
| 1-year return | +57.1% | +80.6% |
| 5-year return | -36.1% | +71.0% |
| Volatility (ann.) | 96.7% | 30.7% |
| Beta vs S&P 500 | 0.33 | 0.89 |
| Max drawdown (3Y) | -68.2% | -35.9% |
| Market cap | $0.5B | $78.4B |
| P/E (trailing) | – | 18.1 |
| Dividend yield | 0.00% | 1.66% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ENTX | FDX |
|---|---|---|
| 2022 | -74.1% | -31.6% |
| 2023 | -17.8% | +49.1% |
| 2024 | +253.3% | +13.5% |
| 2025 | -8.5% | +5.1% |
| 2026 | +58.8% | +43.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTX and FDX good diversifiers for each other?
Yes. With a correlation of -0.17, ENTX and FDX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ENTX and FDX?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.35 over the last year and -0.07 over 5 years.
Is FDX a good diversifier for ENTX?
Yes. With a correlation of -0.17, ENTX and FDX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/entx-vs-fdx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/entx-vs-fdx/)
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Related comparisons
Hubs: ENTX correlations · FDX correlations
