FGBI vs ZNTL: Correlation
Measured on weekly returns over the past three years, First Guaranty Bancshares, Inc. (FGBI) and Zentalis Pharmaceuticals, Inc. (ZNTL) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FGBI and ZNTL?
Over the past 3 years, FGBI and ZNTL moved with a correlation of 0.46, which is moderate. The link has tightened recently: the 1-year correlation (0.63) runs above the 3-year figure (0.46). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 3865.2 %².
In FGBI's tracked universe of 11 assets, ZNTL sits right near the top at #1. Correlation aside, the last 12 months split them widely, with ZNTL ahead by 110.5 points (+2.7% versus +113.2%). Note the risk asymmetry: ZNTL runs 3.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FGBI vs ZNTL: side by side
| FGBI (First Guaranty Bancshares, Inc.) | ZNTL (Zentalis Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +2.7% | +113.2% |
| 5-year return | -46.6% | -94.1% |
| Volatility (ann.) | 52.8% | 159.7% |
| Beta vs S&P 500 | 0.28 | 2.82 |
| Max drawdown (3Y) | -70.0% | -96.2% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.49% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FGBI | ZNTL |
|---|---|---|
| 2022 | +18.2% | -76.0% |
| 2023 | -50.2% | -24.8% |
| 2024 | +6.6% | -80.0% |
| 2025 | -52.5% | -55.4% |
| 2026 | +51.4% | +187.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FGBI and ZNTL good diversifiers for each other?
Reasonably. At 0.46, FGBI and ZNTL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FGBI and ZNTL?
As of 2026-08-27, the correlation of weekly returns between FGBI and ZNTL is 0.46 over 3 years, 0.63 over 1 year and 0.36 over 5 years.
Is ZNTL a good diversifier for FGBI?
Reasonably. At 0.46, FGBI and ZNTL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fgbi-vs-zntl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fgbi-vs-zntl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FGBI correlations · ZNTL correlations
