ENTX vs LHX: Correlation
How closely do Entera Bio Ltd. (ENTX) and L3Harris (LHX) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTX and LHX?
Over the past 3 years, ENTX and LHX moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.21 over 3. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -460.7 %².
Among the 24 assets we track against ENTX, LHX ranks #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ENTX ahead by 60.9 points (+57.1% versus -3.8%). One caveat on sizing: ENTX is 4.2 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 LHX: side by side
| ENTX (Entera Bio Ltd.) | LHX (L3Harris) | |
|---|---|---|
| 1-year return | +57.1% | -3.8% |
| 5-year return | -36.1% | +24.4% |
| Volatility (ann.) | 96.7% | 23.0% |
| Beta vs S&P 500 | 0.33 | 0.51 |
| Max drawdown (3Y) | -68.2% | -30.3% |
| Market cap | $0.5B | $48.8B |
| P/E (trailing) | – | 26.6 |
| Dividend yield | 0.00% | 1.09% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ENTX | LHX |
|---|---|---|
| 2022 | -74.1% | -0.5% |
| 2023 | -17.8% | +3.7% |
| 2024 | +253.3% | +1.9% |
| 2025 | -8.5% | +42.3% |
| 2026 | +58.8% | -10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTX and LHX good diversifiers for each other?
Yes. With a correlation of -0.21, ENTX and LHX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ENTX and LHX?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.25 over the last year and -0.04 over 5 years.
Is LHX a good diversifier for ENTX?
Yes. With a correlation of -0.21, ENTX and LHX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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-lhx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/entx-vs-lhx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENTX correlations · LHX correlations
