NDRA vs TIPT: Correlation
ENDRA Life Sciences Inc. (NDRA) and Tiptree Inc. (TIPT) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NDRA and TIPT?
On 3 years of weekly data the NDRA/TIPT correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.14) runs above the 3-year figure (-0.18). The 5-year figure is -0.07, and annualized covariance runs at -924.9 %².
Out of 11 assets tracked against NDRA, TIPT lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months NDRA outperformed by 52.8 percentage points (+31.5% for NDRA against -21.3% for TIPT). Risk is not evenly split, since NDRA carries 4.5 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.
NDRA vs TIPT: side by side
| NDRA (ENDRA Life Sciences Inc.) | TIPT (Tiptree Inc.) | |
|---|---|---|
| 1-year return | +31.5% | -21.3% |
| 5-year return | -100.0% | +95.1% |
| Volatility (ann.) | 150.8% | 33.5% |
| Beta vs S&P 500 | 1.41 | 0.71 |
| Max drawdown (3Y) | -99.9% | -37.9% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NDRA | TIPT |
|---|---|---|
| 2022 | -70.6% | +1.4% |
| 2023 | -47.9% | +38.8% |
| 2024 | -99.8% | +12.8% |
| 2025 | -27.6% | -11.4% |
| 2026 | +19.3% | +1.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NDRA and TIPT good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NDRA and TIPT?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with 0.14 over the last year and -0.07 over 5 years.
Is TIPT a good diversifier for NDRA?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ndra-vs-tipt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ndra-vs-tipt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NDRA correlations · TIPT correlations
