ADIL vs JANX: Correlation
Measured on weekly returns over the past three years, Adial Pharmaceuticals, Inc (ADIL) and Janux Therapeutics, Inc. (JANX) carry a correlation of 0.78, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADIL and JANX?
Across a 3-year window, the weekly returns of ADIL and JANX correlate at 0.78, strong. The link has loosened recently: the 1-year correlation (0.18) runs below the 3-year figure (0.78). Stretching to 5 years gives 0.65, with an annualized covariance of 23438.4 %².
JANX is one of the assets that tracks ADIL most closely: it ranks #2 out of the 19 assets we track against ADIL. Their recent paths diverged sharply: over the last 12 months JANX outperformed by 20.5 percentage points (-40.1% for ADIL against -19.6% for JANX).
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.
ADIL vs JANX: side by side
| ADIL (Adial Pharmaceuticals, Inc) | JANX (Janux Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -40.1% | -19.6% |
| 5-year return | -99.8% | -42.6% |
| Volatility (ann.) | 203.8% | 148.0% |
| Beta vs S&P 500 | 1.29 | 1.76 |
| Max drawdown (3Y) | -98.8% | -81.8% |
| Market cap | – | $1.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADIL | JANX |
|---|---|---|
| 2022 | -91.9% | -33.2% |
| 2023 | -66.2% | -18.5% |
| 2024 | -45.7% | +399.0% |
| 2025 | -78.2% | -74.2% |
| 2026 | +3.5% | +36.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADIL and JANX good diversifiers for each other?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADIL and JANX?
As of 2026-08-27, the correlation of weekly returns between ADIL and JANX is 0.78 over 3 years, 0.18 over 1 year and 0.65 over 5 years.
Is JANX a good diversifier for ADIL?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.78 mean?
On the −1 to +1 scale, 0.78 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
$ curl https://www.pairbook.io/api/v1/pairs/adil-vs-janx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adil-vs-janx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADIL correlations · JANX correlations
