ENTX vs RENT: Correlation
How closely do Entera Bio Ltd. (ENTX) and Rent the Runway, Inc. (RENT) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTX and RENT?
Across a 3-year window, the weekly returns of ENTX and RENT correlate at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.07 versus 0.34 over 3 years. Stretching to 5 years gives 0.30, with an annualized covariance of 6888.4 %².
RENT is one of the assets that tracks ENTX most closely: it ranks #3 out of the 24 assets we track against ENTX. The last year tells two different stories: ENTX led by 92.9 percentage points, +57.1% for ENTX against -35.8% for RENT. One caveat on sizing: RENT is 2.2 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 RENT: side by side
| ENTX (Entera Bio Ltd.) | RENT (Rent the Runway, Inc.) | |
|---|---|---|
| 1-year return | +57.1% | -35.8% |
| 5-year return | -36.1% | -99.1% |
| Volatility (ann.) | 96.7% | 212.1% |
| Beta vs S&P 500 | 0.33 | 2.17 |
| Max drawdown (3Y) | -68.2% | -91.6% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | – | 0.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENTX | RENT |
|---|---|---|
| 2022 | -74.1% | -62.6% |
| 2023 | -17.8% | -82.7% |
| 2024 | +253.3% | -19.5% |
| 2025 | -8.5% | -6.9% |
| 2026 | +58.8% | -54.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTX and RENT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ENTX and RENT?
As of 2026-08-27, the correlation of weekly returns between ENTX and RENT is 0.34 over 3 years, -0.07 over 1 year and 0.30 over 5 years.
Is RENT a good diversifier for ENTX?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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-rent.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/entx-vs-rent/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENTX correlations · RENT correlations
