ANIK vs DNUT: Correlation
Measured on weekly returns over the past three years, Anika Therapeutics Inc. (ANIK) and Krispy Kreme, Inc. (DNUT) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIK and DNUT?
On 3 years of weekly data the ANIK/DNUT correlation comes out at 0.46, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.46 over 3. The 5-year figure is 0.42, and annualized covariance runs at 1392.8 %².
In ANIK's tracked universe of 11 assets, DNUT sits right near the top at #2. The last year tells two different stories: ANIK led by 132.0 percentage points, +127.0% for ANIK against -5.0% for DNUT.
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.
ANIK vs DNUT: side by side
| ANIK (Anika Therapeutics Inc.) | DNUT (Krispy Kreme, Inc.) | |
|---|---|---|
| 1-year return | +127.0% | -5.0% |
| 5-year return | -51.5% | -78.8% |
| Volatility (ann.) | 46.8% | 64.8% |
| Beta vs S&P 500 | 0.89 | 1.27 |
| Max drawdown (3Y) | -71.8% | -84.9% |
| Market cap | $0.3B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANIK | DNUT |
|---|---|---|
| 2022 | -17.4% | -44.9% |
| 2023 | -23.4% | +47.7% |
| 2024 | -27.4% | -33.4% |
| 2025 | -41.6% | -59.0% |
| 2026 | +116.9% | -14.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIK and DNUT good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ANIK and DNUT?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.44 over the last year and 0.42 over 5 years.
Is DNUT a good diversifier for ANIK?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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
$ curl https://www.pairbook.io/api/v1/pairs/anik-vs-dnut.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anik-vs-dnut/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANIK correlations · DNUT correlations
