ANIP vs SNDX: Correlation
ANI Pharmaceuticals, Inc. (ANIP) and Syndax Pharmaceuticals, Inc. (SNDX) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIP and SNDX?
Across a 3-year window, the weekly returns of ANIP and SNDX correlate at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.08 versus 0.41 over 3 years. Stretching to 5 years gives 0.25, with an annualized covariance of 841.2 %².
By 3-year correlation, SNDX places #5 of the 11 assets tracked against ANIP. The last year tells two different stories: SNDX led by 44.0 percentage points, -20.0% for ANIP against +24.0% for SNDX. One caveat on sizing: SNDX is 1.6 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.
ANIP vs SNDX: side by side
| ANIP (ANI Pharmaceuticals, Inc.) | SNDX (Syndax Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -20.0% | +24.0% |
| 5-year return | +168.3% | +16.9% |
| Volatility (ann.) | 35.1% | 57.8% |
| Beta vs S&P 500 | 0.51 | 1.25 |
| Max drawdown (3Y) | -28.7% | -64.8% |
| Market cap | $1.7B | $1.8B |
| P/E (trailing) | 16.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANIP | SNDX |
|---|---|---|
| 2022 | -12.7% | +16.3% |
| 2023 | +37.1% | -15.1% |
| 2024 | +0.3% | -38.8% |
| 2025 | +42.8% | +58.9% |
| 2026 | -6.9% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIP and SNDX good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ANIP and SNDX?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with -0.08 over the last year and 0.25 over 5 years.
Is SNDX a good diversifier for ANIP?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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/anip-vs-sndx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/anip-vs-sndx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANIP correlations · SNDX correlations
