ENTX vs SLB: Correlation
How closely do Entera Bio Ltd. (ENTX) and Schlumberger (SLB) 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 SLB?
On 3 years of weekly data the ENTX/SLB correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.21 over 3. The 5-year figure is -0.10, and annualized covariance runs at -726.7 %².
Among the 24 assets we track against ENTX, SLB sits near the bottom by co-movement, at rank #20. Neither side won the trailing year by much: +57.1% against +57.1%. One caveat on sizing: ENTX is 2.8 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 SLB: side by side
| ENTX (Entera Bio Ltd.) | SLB (Schlumberger) | |
|---|---|---|
| 1-year return | +57.1% | +57.1% |
| 5-year return | -36.1% | +117.1% |
| Volatility (ann.) | 96.7% | 35.1% |
| Beta vs S&P 500 | 0.33 | 0.57 |
| Max drawdown (3Y) | -68.2% | -46.6% |
| Market cap | $0.5B | $81.6B |
| P/E (trailing) | – | 26.2 |
| Dividend yield | 0.00% | 2.16% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | ENTX | SLB |
|---|---|---|
| 2022 | -74.1% | +81.2% |
| 2023 | -17.8% | -0.8% |
| 2024 | +253.3% | -24.5% |
| 2025 | -8.5% | +3.3% |
| 2026 | +58.8% | +44.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTX and SLB good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ENTX and SLB?
The ENTX/SLB correlation stands at -0.21 on a 3-year window (1 year: -0.31, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is SLB a good diversifier for ENTX?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
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.
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Related comparisons
Hubs: ENTX correlations · SLB correlations
