ANAB vs PPLI: Correlation
Measured on weekly returns over the past three years, AnaptysBio, Inc. (ANAB) and People Incorporated (PPLI) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANAB and PPLI?
Over the past 3 years, ANAB and PPLI moved with a correlation of 0.38, which is moderate. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.38). Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 921.1 %².
Within ANAB's tracked universe of 10 assets, PPLI comes in at #4 by 3-year correlation. The last year tells two different stories: ANAB led by 314.2 percentage points, +321.2% for ANAB against +7.0% for PPLI. One caveat on sizing: ANAB is 2.3 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.
ANAB vs PPLI: side by side
| ANAB (AnaptysBio, Inc.) | PPLI (People Incorporated) | |
|---|---|---|
| 1-year return | +321.2% | +7.0% |
| 5-year return | +243.9% | -63.8% |
| Volatility (ann.) | 74.9% | 32.1% |
| Beta vs S&P 500 | 1.03 | 0.98 |
| Max drawdown (3Y) | -69.3% | -33.4% |
| Market cap | $1.7B | $2.9B |
| P/E (trailing) | – | 6.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANAB | PPLI |
|---|---|---|
| 2022 | -10.8% | -66.0% |
| 2023 | -30.9% | +18.0% |
| 2024 | -38.2% | -17.6% |
| 2025 | +266.2% | +10.5% |
| 2026 | +77.3% | +0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANAB and PPLI good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ANAB and PPLI?
The ANAB/PPLI correlation stands at 0.38 on a 3-year window (1 year: 0.10, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is PPLI a good diversifier for ANAB?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/anab-vs-ppli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anab-vs-ppli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANAB correlations · PPLI correlations
