ANAB vs LAES: Correlation
AnaptysBio, Inc. (ANAB) and SEALSQ Corp (LAES) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANAB and LAES?
Across a 3-year window, the weekly returns of ANAB and LAES correlate at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.13 versus -0.24 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -4673.8 %².
Among the 10 assets we track against ANAB, LAES sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with ANAB ahead by 325.6 points (+321.2% versus -4.4%). Note the risk asymmetry: LAES runs 3.5 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.
ANAB vs LAES: side by side
| ANAB (AnaptysBio, Inc.) | LAES (SEALSQ Corp) | |
|---|---|---|
| 1-year return | +321.2% | -4.4% |
| 5-year return | +243.9% | n/a |
| Volatility (ann.) | 74.9% | 261.5% |
| Beta vs S&P 500 | 1.03 | 1.57 |
| Max drawdown (3Y) | -69.3% | -94.5% |
| Market cap | $1.7B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANAB | LAES |
|---|---|---|
| 2022 | -10.8% | – |
| 2023 | -30.9% | – |
| 2024 | -38.2% | +380.5% |
| 2025 | +266.2% | -38.5% |
| 2026 | +77.3% | -31.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANAB and LAES good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANAB and LAES?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with 0.13 over the last year and n/a over 5 years.
Is LAES a good diversifier for ANAB?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/anab-vs-laes.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anab-vs-laes/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANAB correlations · LAES correlations
