ANNX vs DNTH: Correlation
Measured on weekly returns over the past three years, Annexon, Inc. (ANNX) and Dianthus Therapeutics, Inc. (DNTH) 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 ANNX and DNTH?
Over the past 3 years, ANNX and DNTH moved with a correlation of 0.38, which is moderate. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.38). Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 2745.5 %².
Within ANNX's tracked universe of 13 assets, DNTH comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DNTH outperformed by 211.3 percentage points (+148.8% for ANNX against +360.1% for DNTH).
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.
ANNX vs DNTH: side by side
| ANNX (Annexon, Inc.) | DNTH (Dianthus Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +148.8% | +360.1% |
| 5-year return | -68.9% | +9.4% |
| Volatility (ann.) | 92.8% | 78.1% |
| Beta vs S&P 500 | 1.72 | 0.88 |
| Max drawdown (3Y) | -82.3% | -53.5% |
| Market cap | $1.0B | $6.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANNX | DNTH |
|---|---|---|
| 2022 | -55.0% | -91.0% |
| 2023 | -12.2% | +62.5% |
| 2024 | +13.0% | +109.6% |
| 2025 | -2.1% | +89.0% |
| 2026 | +4.6% | +170.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNX and DNTH 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 ANNX and DNTH?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.27 over the last year and 0.26 over 5 years.
Is DNTH a good diversifier for ANNX?
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?
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/annx-vs-dnth.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/annx-vs-dnth/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANNX correlations · DNTH correlations
