AME vs ANTX: Correlation
Measured on weekly returns over the past three years, Ametek (AME) and AN2 Therapeutics, Inc. (ANTX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AME and ANTX?
On 3 years of weekly data the AME/ANTX correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.22 over 3 years. The 5-year figure is -0.07, and annualized covariance runs at -583.2 %².
ANTX is close to the least connected end of AME's tracked universe, ranking #28 of 31. Correlation aside, the last 12 months split them widely, with ANTX ahead by 372.1 points (+31.4% versus +403.5%). Note the risk asymmetry: ANTX runs 6.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AME vs ANTX: side by side
| AME (Ametek) | ANTX (AN2 Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +31.4% | +403.5% |
| 5-year return | +83.6% | -62.7% |
| Volatility (ann.) | 20.4% | 131.4% |
| Beta vs S&P 500 | 0.84 | 0.22 |
| Max drawdown (3Y) | -23.0% | -95.4% |
| Market cap | $55.9B | $0.2B |
| P/E (trailing) | 35.8 | – |
| Dividend yield | 0.53% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | AME | ANTX |
|---|---|---|
| 2022 | -4.3% | – |
| 2023 | +18.8% | +115.0% |
| 2024 | +10.0% | -93.3% |
| 2025 | +14.7% | -17.4% |
| 2026 | +19.1% | +403.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AME and ANTX good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AME and ANTX?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.42 over the last year and -0.07 over 5 years.
Is ANTX a good diversifier for AME?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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: AME correlations · ANTX correlations
