ANNX vs PACS: Correlation
Measured on weekly returns over the past three years, Annexon, Inc. (ANNX) and PACS Group, Inc. (PACS) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNX and PACS?
On 3 years of weekly data the ANNX/PACS correlation comes out at 0.48, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.72 versus 0.48 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 4925.7 %².
In ANNX's tracked universe of 13 assets, PACS sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months PACS outperformed by 124.2 percentage points (+148.8% for ANNX against +273.0% for PACS).
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 PACS: side by side
| ANNX (Annexon, Inc.) | PACS (PACS Group, Inc.) | |
|---|---|---|
| 1-year return | +148.8% | +273.0% |
| 5-year return | -68.9% | n/a |
| Volatility (ann.) | 92.8% | 120.5% |
| Beta vs S&P 500 | 1.72 | 0.06 |
| Max drawdown (3Y) | -82.3% | -82.0% |
| Market cap | $1.0B | $7.0B |
| P/E (trailing) | – | 25.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANNX | PACS |
|---|---|---|
| 2022 | -55.0% | – |
| 2023 | -12.2% | – |
| 2024 | +13.0% | – |
| 2025 | -2.1% | +192.8% |
| 2026 | +4.6% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNX and PACS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ANNX and PACS?
As of 2026-08-27, the correlation of weekly returns between ANNX and PACS is 0.48 over 3 years, 0.72 over 1 year and n/a over 5 years.
Is PACS a good diversifier for ANNX?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/annx-vs-pacs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/annx-vs-pacs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANNX correlations · PACS correlations
