OGN vs ZNTL: Correlation
Measured on weekly returns over the past three years, Organon & Co. (OGN) and Zentalis Pharmaceuticals, Inc. (ZNTL) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OGN and ZNTL?
Over the past 3 years, OGN and ZNTL moved with a correlation of 0.41, which is moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 3503.0 %².
Among the 12 assets we track against OGN, ZNTL ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ZNTL ahead by 62.4 points (+50.8% versus +113.2%). One caveat on sizing: ZNTL is 3.0 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.
OGN vs ZNTL: side by side
| OGN (Organon & Co.) | ZNTL (Zentalis Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +50.8% | +113.2% |
| 5-year return | -50.3% | -94.1% |
| Volatility (ann.) | 53.4% | 159.7% |
| Beta vs S&P 500 | 0.88 | 2.82 |
| Max drawdown (3Y) | -74.1% | -96.2% |
| Market cap | $3.6B | $0.4B |
| P/E (trailing) | 17.6 | – |
| Dividend yield | 0.58% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OGN | ZNTL |
|---|---|---|
| 2022 | -4.9% | -76.0% |
| 2023 | -45.1% | -24.8% |
| 2024 | +9.9% | -80.0% |
| 2025 | -50.7% | -55.4% |
| 2026 | +93.0% | +187.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OGN and ZNTL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OGN and ZNTL?
The OGN/ZNTL correlation stands at 0.41 on a 3-year window (1 year: 0.49, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is ZNTL a good diversifier for OGN?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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
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Related comparisons
Hubs: OGN correlations · ZNTL correlations
