ELVN vs. MP

Last updated Jun 4, 2026

ELVN (Enliven Therapeutics Inc.) and MP (MP Materials Corp.) are both stocks. ELVN operates in Biotechnology (Healthcare), while MP operates in Other Industrial Metals & Mining (Basic Materials). Over the past 5 years, ELVN returned 2.00%/yr vs 16.72%/yr for MP. At a 0.19 correlation, their price movements are largely independent.

Performance

ELVN vs. MP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enliven Therapeutics Inc. (ELVN) and MP Materials Corp. (MP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELVN achieves a 133.96% return, which is significantly higher than MP's 35.69% return.

ELVN

• 1D: 1.44%
• 1M: -13.41%
• YTD: 133.96%
• 6M: 71.57%
• 1Y: 64.82%
• 3Y*: 18.69%
• 5Y*: 2.00%
• 10Y*: —

MP

• 1D: -5.11%
• 1M: 3.55%
• YTD: 35.69%
• 6M: 16.76%
• 1Y: 211.59%
• 3Y*: 45.90%
• 5Y*: 16.72%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ELVN vs. MP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ELVN Enliven Therapeutics Inc.	133.96%	-31.56%	62.57%	-15.40%	81.78%	-89.80%	-46.10%
MP MP Materials Corp.	35.69%	223.85%	-21.41%	-18.25%	-46.54%	41.19%	221.70%

Correlation

The correlation between ELVN and MP is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jun 23, 2020	0.19

The correlation between ELVN and MP shifts across timeframes, from 0.09 (1 year) to 0.19 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS ELVN : -$1.69 MP : -$0.53
Total Revenue (TTM) ELVN : $0.00 MP : $305.30M
Gross Profit (TTM) ELVN : -$46.00K MP : $25.30M
EBITDA (TTM) ELVN : -$110.65M MP : $1.52M

Return for Risk

ELVN vs. MP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ELVN

ELVN Risk / Return Rank: 71
ELVN Sharpe Ratio Rank: 67
ELVN Sortino Ratio Rank: 74
ELVN Omega Ratio Rank: 69
ELVN Calmar Ratio Rank: 72
ELVN Martin Ratio Rank: 74

MP

MP Risk / Return Rank: 86
MP Sharpe Ratio Rank: 90
MP Sortino Ratio Rank: 89
MP Omega Ratio Rank: 85
MP Calmar Ratio Rank: 87
MP Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ELVN vs. MP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enliven Therapeutics Inc. (ELVN) and MP Materials Corp. (MP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ELVN	MP	Difference
Sharpe ratio: Return per unit of total volatility	0.80	2.27	-1.47
Sortino ratio: Return per unit of downside risk	1.94	3.17	-1.23
Omega ratio: Gain probability vs. loss probability	1.22	1.36	-0.15
Calmar ratio: Return relative to maximum drawdown	1.77	3.96	-2.19
Martin ratio: Return relative to average drawdown	4.61	6.77	-2.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELVN vs. MP - Sharpe Ratio Comparison

The current ELVN Sharpe Ratio is 0.80, which is lower than the MP Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of ELVN and MP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ELVN	MP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	2.27	-1.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	0.24	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	0.53	-0.62

Drawdowns

ELVN vs. MP - Drawdown Comparison

The maximum ELVN drawdown since its inception was -98.20%, which is greater than MP's maximum drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for ELVN and MP.

Drawdown Indicators

	ELVN	MP	Difference
Max Drawdown Largest peak-to-trough decline	-98.20%	-81.99%	-16.21%
Max Drawdown (1Y) Largest decline over 1 year	-36.84%	-53.79%	+16.95%
Max Drawdown (3Y) Largest decline over 3 years	-56.05%	-59.47%	+3.42%
Max Drawdown (5Y) Largest decline over 5 years	-89.05%	-81.99%	-7.06%
Current Drawdown Current decline from peak	-83.58%	-30.51%	-53.07%
Average Drawdown Average peak-to-trough decline	-84.22%	-42.63%	-41.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.09%	31.40%	-17.31%

Volatility

ELVN vs. MP - Volatility Comparison

The current volatility for Enliven Therapeutics Inc. (ELVN) is 14.50%, while MP Materials Corp. (MP) has a volatility of 21.38%. This indicates that ELVN experiences smaller price fluctuations and is considered to be less risky than MP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELVN	MP	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.50%	21.38%	-6.88%
Volatility (6M) Calculated over the trailing 6-month period	60.61%	50.40%	+10.21%
Volatility (1Y) Calculated over the trailing 1-year period	82.50%	93.94%	-11.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.81%	69.57%	+16.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.95%	72.60%	+15.35%

Dividends

ELVN vs. MP - Dividend Comparison

Neither ELVN nor MP has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ELVN and MP in my portfolio?

ELVN and MP have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ELVN or MP?

MP has higher volatility (21.38%) compared to ELVN (14.50%). In terms of maximum drawdown, ELVN dropped -98.20% vs MP's -81.99%.

Which has better risk-adjusted returns?

MP currently has the higher Sharpe Ratio (2.27 vs 0.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.