ANIK vs VNDA: Correlation
How closely do Anika Therapeutics Inc. (ANIK) and Vanda Pharmaceuticals Inc. (VNDA) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIK and VNDA?
On 3 years of weekly data the ANIK/VNDA correlation comes out at 0.42, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.42 over 3. The 5-year figure is 0.39, and annualized covariance runs at 1231.1 %².
By 3-year correlation, VNDA places #6 of the 11 assets tracked against ANIK. The last year tells two different stories: ANIK led by 109.3 percentage points, +127.0% for ANIK against +17.7% for VNDA.
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 VNDA: side by side
| ANIK (Anika Therapeutics Inc.) | VNDA (Vanda Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | +127.0% | +17.7% |
| 5-year return | -51.5% | -67.8% |
| Volatility (ann.) | 46.8% | 63.1% |
| Beta vs S&P 500 | 0.89 | 0.55 |
| Max drawdown (3Y) | -71.8% | -48.4% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANIK | VNDA |
|---|---|---|
| 2022 | -17.4% | -52.9% |
| 2023 | -23.4% | -42.9% |
| 2024 | -27.4% | +13.5% |
| 2025 | -41.6% | +84.1% |
| 2026 | +116.9% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIK and VNDA good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ANIK and VNDA?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.50 over the last year and 0.39 over 5 years.
Is VNDA a good diversifier for ANIK?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/anik-vs-vnda.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/anik-vs-vnda/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANIK correlations · VNDA correlations
