ENTX vs GL: Correlation
Measured on weekly returns over the past three years, Entera Bio Ltd. (ENTX) and Globe Life (GL) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTX and GL?
Over the past 3 years, ENTX and GL moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.00) than the 3-year average (-0.29). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -985.9 %².
GL is close to the least connected end of ENTX's tracked universe, ranking #24 of 24. Correlation aside, the last 12 months split them widely, with ENTX ahead by 31.0 points (+57.1% versus +26.1%). Note the risk asymmetry: ENTX runs 2.7 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.
ENTX vs GL: side by side
| ENTX (Entera Bio Ltd.) | GL (Globe Life) | |
|---|---|---|
| 1-year return | +57.1% | +26.1% |
| 5-year return | -36.1% | +91.0% |
| Volatility (ann.) | 96.7% | 35.7% |
| Beta vs S&P 500 | 0.33 | 0.60 |
| Max drawdown (3Y) | -68.2% | -61.6% |
| Market cap | $0.5B | $13.5B |
| P/E (trailing) | – | 11.7 |
| Dividend yield | 0.00% | 0.68% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ENTX | GL |
|---|---|---|
| 2022 | -74.1% | +29.7% |
| 2023 | -17.8% | +1.8% |
| 2024 | +253.3% | -7.5% |
| 2025 | -8.5% | +26.5% |
| 2026 | +58.8% | +26.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTX and GL good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between ENTX and GL?
As of 2026-08-27, the correlation of weekly returns between ENTX and GL is -0.29 over 3 years, -0.00 over 1 year and -0.16 over 5 years.
Is GL a good diversifier for ENTX?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
A reading of -0.29 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/entx-vs-gl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/entx-vs-gl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ENTX correlations · GL correlations
