ENTX vs MTB: Correlation
Entera Bio Ltd. (ENTX) and M&T Bank (MTB) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTX and MTB?
Over the past 3 years, ENTX and MTB moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.31) than the 3-year average (-0.17). Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -436.8 %².
By 3-year correlation, MTB places #13 of the 24 assets tracked against ENTX. Correlation aside, the last 12 months split them widely, with ENTX ahead by 35.4 points (+57.1% versus +21.7%). One caveat on sizing: ENTX is 3.6 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 MTB: side by side
| ENTX (Entera Bio Ltd.) | MTB (M&T Bank) | |
|---|---|---|
| 1-year return | +57.1% | +21.7% |
| 5-year return | -36.1% | +101.3% |
| Volatility (ann.) | 96.7% | 26.5% |
| Beta vs S&P 500 | 0.33 | 0.83 |
| Max drawdown (3Y) | -68.2% | -28.5% |
| Market cap | $0.5B | $34.5B |
| P/E (trailing) | – | 12.8 |
| Dividend yield | 0.00% | 2.48% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ENTX | MTB |
|---|---|---|
| 2022 | -74.1% | -2.9% |
| 2023 | -17.8% | -1.7% |
| 2024 | +253.3% | +41.7% |
| 2025 | -8.5% | +10.4% |
| 2026 | +58.8% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTX and MTB good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between ENTX and MTB?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.31 over the last year and -0.03 over 5 years.
Is MTB a good diversifier for ENTX?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/entx-vs-mtb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/entx-vs-mtb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENTX correlations · MTB correlations
