ACXP vs STLD: Correlation
Acurx Pharmaceuticals, Inc. (ACXP) and Steel Dynamics (STLD) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACXP and STLD?
Over the past 3 years, ACXP and STLD moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.29) than the 3-year average (-0.17). Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -980.2 %².
Among the 32 assets we track against ACXP, STLD ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with STLD ahead by 149.8 points (-70.0% versus +79.8%). One caveat on sizing: ACXP is 4.9 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.
ACXP vs STLD: side by side
| ACXP (Acurx Pharmaceuticals, Inc.) | STLD (Steel Dynamics) | |
|---|---|---|
| 1-year return | -70.0% | +79.8% |
| 5-year return | -98.5% | +262.0% |
| Volatility (ann.) | 170.6% | 34.5% |
| Beta vs S&P 500 | -0.66 | 1.13 |
| Max drawdown (3Y) | -98.8% | -28.7% |
| Market cap | – | $33.8B |
| P/E (trailing) | – | 21.4 |
| Dividend yield | 0.00% | 0.87% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ACXP | STLD |
|---|---|---|
| 2022 | -7.9% | +60.1% |
| 2023 | -3.8% | +22.8% |
| 2024 | -78.7% | -2.0% |
| 2025 | -84.7% | +50.7% |
| 2026 | -41.4% | +39.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACXP and STLD good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACXP and STLD?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.29 over the last year and -0.06 over 5 years.
Is STLD a good diversifier for ACXP?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ACXP correlations · STLD correlations
