ENTX vs VNDA: Correlation
Measured on weekly returns over the past three years, Entera Bio Ltd. (ENTX) and Vanda Pharmaceuticals Inc. (VNDA) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTX and VNDA?
Over the past 3 years, ENTX and VNDA moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -1102.8 %².
By 3-year correlation, VNDA places #14 of the 24 assets tracked against ENTX. Their recent paths diverged sharply: over the last 12 months ENTX outperformed by 39.4 percentage points (+57.1% for ENTX against +17.7% for VNDA). One caveat on sizing: ENTX is 1.5 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 VNDA: side by side
| ENTX (Entera Bio Ltd.) | VNDA (Vanda Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | +57.1% | +17.7% |
| 5-year return | -36.1% | -67.8% |
| Volatility (ann.) | 96.7% | 63.1% |
| Beta vs S&P 500 | 0.33 | 0.55 |
| Max drawdown (3Y) | -68.2% | -48.4% |
| Market cap | $0.5B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENTX | VNDA |
|---|---|---|
| 2022 | -74.1% | -52.9% |
| 2023 | -17.8% | -42.9% |
| 2024 | +253.3% | +13.5% |
| 2025 | -8.5% | +84.1% |
| 2026 | +58.8% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTX and VNDA good diversifiers for each other?
Yes. With a correlation of -0.18, ENTX and VNDA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ENTX and VNDA?
As of 2026-08-27, the correlation of weekly returns between ENTX and VNDA is -0.18 over 3 years, -0.21 over 1 year and -0.13 over 5 years.
Is VNDA a good diversifier for ENTX?
Yes. With a correlation of -0.18, ENTX and VNDA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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-vnda.json
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Related comparisons
Hubs: ENTX correlations · VNDA correlations
