ENVB vs TRNR: Correlation
Enveric Biosciences, Inc. (ENVB) and Interactive Strength Inc. (TRNR) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENVB and TRNR?
Across a 3-year window, the weekly returns of ENVB and TRNR correlate at 0.30, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.30 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 7360.3 %².
Within ENVB's tracked universe of 16 assets, TRNR comes in at #6 by 3-year correlation. Over the last 12 months ENVB came out ahead by 6.8 percentage points (-92.1% against -98.9%).
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.
ENVB vs TRNR: side by side
| ENVB (Enveric Biosciences, Inc.) | TRNR (Interactive Strength Inc.) | |
|---|---|---|
| 1-year return | -92.1% | -98.9% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 160.8% | 151.7% |
| Beta vs S&P 500 | 0.75 | 1.38 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENVB | TRNR |
|---|---|---|
| 2022 | -95.5% | – |
| 2023 | -37.5% | – |
| 2024 | -72.5% | -99.9% |
| 2025 | -99.6% | -97.0% |
| 2026 | -62.3% | -94.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENVB and TRNR good diversifiers for each other?
Reasonably. At 0.30, ENVB and TRNR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ENVB and TRNR?
The ENVB/TRNR correlation stands at 0.30 on a 3-year window (1 year: 0.10, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TRNR a good diversifier for ENVB?
Reasonably. At 0.30, ENVB and TRNR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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.
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Related comparisons
Hubs: ENVB correlations · TRNR correlations
