ENTX vs QQQ: Correlation
How closely do Entera Bio Ltd. (ENTX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.10, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTX and QQQ?
Over the past 3 years, ENTX and QQQ moved with a correlation of 0.10, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.12 versus 0.10 over 3 years. Over 5 years the correlation is 0.14, and the annualized covariance of weekly returns is 193.3 %².
By 3-year correlation, QQQ places #6 of the 24 assets tracked against ENTX. Correlation aside, the last 12 months split them widely, with ENTX ahead by 30.8 points (+57.1% versus +26.3%). One caveat on sizing: ENTX is 4.9 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 QQQ: side by side
| ENTX (Entera Bio Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +57.1% | +26.3% |
| 5-year return | -36.1% | +95.4% |
| Volatility (ann.) | 96.7% | 19.6% |
| Beta vs S&P 500 | 0.33 | 1.28 |
| Max drawdown (3Y) | -68.2% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | ENTX | QQQ |
|---|---|---|
| 2022 | -74.1% | -32.6% |
| 2023 | -17.8% | +54.9% |
| 2024 | +253.3% | +25.6% |
| 2025 | -8.5% | +20.8% |
| 2026 | +58.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTX and QQQ good diversifiers for each other?
Yes: at 0.10, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ENTX and QQQ?
Using weekly returns as of 2026-08-27: 0.10 over 3 years, with -0.12 over the last year and 0.14 over 5 years.
Is QQQ a good diversifier for ENTX?
Yes: at 0.10, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.10 mean?
A reading of 0.10 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-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/entx-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENTX correlations · QQQ correlations
