PDSB vs ZNTL: Correlation
Measured on weekly returns over the past three years, PDS Biotechnology Corporation (PDSB) and Zentalis Pharmaceuticals, Inc. (ZNTL) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDSB and ZNTL?
Across a 3-year window, the weekly returns of PDSB and ZNTL correlate at 0.47, moderate. The past 12 months show a tighter link (0.59) than the 3-year average (0.47). Stretching to 5 years gives 0.41, with an annualized covariance of 7259.4 %².
In PDSB's tracked universe of 10 assets, ZNTL sits right near the top at #1. The last year tells two different stories: ZNTL led by 196.2 percentage points, -83.0% for PDSB against +113.2% for ZNTL. Risk is not evenly split, since ZNTL carries 1.6 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.
PDSB vs ZNTL: side by side
| PDSB (PDS Biotechnology Corporation) | ZNTL (Zentalis Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -83.0% | +113.2% |
| 5-year return | -98.5% | -94.1% |
| Volatility (ann.) | 97.2% | 159.7% |
| Beta vs S&P 500 | 2.90 | 2.82 |
| Max drawdown (3Y) | -96.9% | -96.2% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PDSB | ZNTL |
|---|---|---|
| 2022 | +63.0% | -76.0% |
| 2023 | -62.3% | -24.8% |
| 2024 | -67.2% | -80.0% |
| 2025 | -52.8% | -55.4% |
| 2026 | -71.7% | +187.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDSB and ZNTL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PDSB and ZNTL?
The PDSB/ZNTL correlation stands at 0.47 on a 3-year window (1 year: 0.59, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is ZNTL a good diversifier for PDSB?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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: PDSB correlations · ZNTL correlations
