ENTX vs SWBI: Correlation
Entera Bio Ltd. (ENTX) and Smith & Wesson Brands, Inc. (SWBI) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTX and SWBI?
Across a 3-year window, the weekly returns of ENTX and SWBI correlate at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.33 lands near the 3-year figure. Stretching to 5 years gives -0.09, with an annualized covariance of -884.3 %².
Among the 24 assets we track against ENTX, SWBI sits near the bottom by co-movement, at rank #21. The trailing year gives SWBI the advantage: +57.1% versus +66.4%, a 9.3-point spread. One caveat on sizing: ENTX is 2.4 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 SWBI: side by side
| ENTX (Entera Bio Ltd.) | SWBI (Smith & Wesson Brands, Inc.) | |
|---|---|---|
| 1-year return | +57.1% | +66.4% |
| 5-year return | -36.1% | -34.9% |
| Volatility (ann.) | 96.7% | 39.8% |
| Beta vs S&P 500 | 0.33 | 0.30 |
| Max drawdown (3Y) | -68.2% | -54.2% |
| Market cap | $0.5B | $0.6B |
| P/E (trailing) | – | 32.7 |
| Dividend yield | 0.00% | 3.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENTX | SWBI |
|---|---|---|
| 2022 | -74.1% | -49.6% |
| 2023 | -17.8% | +62.2% |
| 2024 | +253.3% | -22.5% |
| 2025 | -8.5% | +3.1% |
| 2026 | +58.8% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTX and SWBI good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ENTX and SWBI?
The ENTX/SWBI correlation stands at -0.23 on a 3-year window (1 year: -0.33, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is SWBI a good diversifier for ENTX?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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-swbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/entx-vs-swbi/)
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Related comparisons
Hubs: ENTX correlations · SWBI correlations
