ACXP vs RYZ: Correlation
How closely do Acurx Pharmaceuticals, Inc. (ACXP) and Ryerson Holding Corporation (RYZ) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACXP and RYZ?
Across a 3-year window, the weekly returns of ACXP and RYZ correlate at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.19). Stretching to 5 years gives -0.06, with an annualized covariance of -1533.5 %².
Among the 32 assets we track against ACXP, RYZ ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RYZ outperformed by 85.2 percentage points (-70.0% for ACXP against +15.2% for RYZ). Risk is not evenly split, since ACXP carries 3.6 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.
ACXP vs RYZ: side by side
| ACXP (Acurx Pharmaceuticals, Inc.) | RYZ (Ryerson Holding Corporation) | |
|---|---|---|
| 1-year return | -70.0% | +15.2% |
| 5-year return | -98.5% | +20.9% |
| Volatility (ann.) | 170.6% | 47.4% |
| Beta vs S&P 500 | -0.66 | 1.18 |
| Max drawdown (3Y) | -98.8% | -49.0% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACXP | RYZ |
|---|---|---|
| 2022 | -7.9% | +18.3% |
| 2023 | -3.8% | +17.1% |
| 2024 | -78.7% | -44.9% |
| 2025 | -84.7% | +40.4% |
| 2026 | -41.4% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACXP and RYZ good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACXP and RYZ?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.41 over the last year and -0.06 over 5 years.
Is RYZ a good diversifier for ACXP?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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
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Related comparisons
Hubs: ACXP correlations · RYZ correlations
