ESNT vs INKT: Correlation
Essent Group Ltd. (ESNT) and MiNK Therapeutics, Inc. (INKT) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESNT and INKT?
Over the past 3 years, ESNT and INKT moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.24). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -2429.0 %².
Among the 13 assets we track against ESNT, INKT sits near the bottom by co-movement, at rank #11. The last year tells two different stories: ESNT led by 37.1 percentage points, +10.2% for ESNT against -26.9% for INKT. Risk is not evenly split, since INKT carries 21.7 times the volatility of the other side.
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.
ESNT vs INKT: side by side
| ESNT (Essent Group Ltd.) | INKT (MiNK Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +10.2% | -26.9% |
| 5-year return | +62.5% | -90.3% |
| Volatility (ann.) | 21.4% | 464.2% |
| Beta vs S&P 500 | 0.57 | 0.50 |
| Max drawdown (3Y) | -18.4% | -86.7% |
| Market cap | $6.2B | $0.1B |
| P/E (trailing) | 9.7 | – |
| Dividend yield | 1.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESNT | INKT |
|---|---|---|
| 2022 | -12.8% | -41.5% |
| 2023 | +38.6% | -59.0% |
| 2024 | +5.2% | -34.9% |
| 2025 | +20.7% | +60.0% |
| 2026 | +7.9% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESNT and INKT good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ESNT and INKT?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.11 over the last year and -0.17 over 5 years.
Is INKT a good diversifier for ESNT?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/esnt-vs-inkt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/esnt-vs-inkt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ESNT correlations · INKT correlations
