ANIX vs GLUE: Correlation
How closely do Anixa Biosciences, Inc. (ANIX) and Monte Rosa Therapeutics, Inc. (GLUE) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIX and GLUE?
Over the past 3 years, ANIX and GLUE moved with a correlation of 0.38, which is moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 2286.1 %².
Few assets follow ANIX as closely as GLUE, which ranks #1 of 10 tracked partners. The last year tells two different stories: GLUE led by 184.6 percentage points, +22.0% for ANIX against +206.6% for GLUE. One caveat on sizing: GLUE is 1.8 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.
ANIX vs GLUE: side by side
| ANIX (Anixa Biosciences, Inc.) | GLUE (Monte Rosa Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +22.0% | +206.6% |
| 5-year return | -34.3% | -61.7% |
| Volatility (ann.) | 57.0% | 104.5% |
| Beta vs S&P 500 | 0.60 | 1.91 |
| Max drawdown (3Y) | -57.6% | -64.3% |
| Market cap | $0.1B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANIX | GLUE |
|---|---|---|
| 2022 | +43.1% | -62.7% |
| 2023 | -8.7% | -25.8% |
| 2024 | -40.2% | +22.8% |
| 2025 | +34.5% | +125.9% |
| 2026 | +15.4% | -8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIX and GLUE good diversifiers for each other?
Reasonably. At 0.38, ANIX and GLUE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ANIX and GLUE?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.43 over the last year and 0.24 over 5 years.
Is GLUE a good diversifier for ANIX?
Reasonably. At 0.38, ANIX and GLUE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ANIX correlations · GLUE correlations
