ANNX vs QTRX: Correlation
How closely do Annexon, Inc. (ANNX) and Quanterix Corporation (QTRX) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNX and QTRX?
Over the past 3 years, ANNX and QTRX moved with a correlation of 0.45, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.34 versus 0.45 over 3 years. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 3024.4 %².
QTRX is one of the assets that tracks ANNX most closely: it ranks #3 out of the 13 assets we track against ANNX. Their recent paths diverged sharply: over the last 12 months ANNX outperformed by 191.5 percentage points (+148.8% for ANNX against -42.7% for QTRX).
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 QTRX: side by side
| ANNX (Annexon, Inc.) | QTRX (Quanterix Corporation) | |
|---|---|---|
| 1-year return | +148.8% | -42.7% |
| 5-year return | -68.9% | -94.7% |
| Volatility (ann.) | 92.8% | 73.1% |
| Beta vs S&P 500 | 1.72 | 1.18 |
| Max drawdown (3Y) | -82.3% | -91.6% |
| Market cap | $1.0B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANNX | QTRX |
|---|---|---|
| 2022 | -55.0% | -67.3% |
| 2023 | -12.2% | +97.4% |
| 2024 | +13.0% | -61.1% |
| 2025 | -2.1% | -40.2% |
| 2026 | +4.6% | -58.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNX and QTRX good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ANNX and QTRX?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.34 over the last year and 0.29 over 5 years.
Is QTRX a good diversifier for ANNX?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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-qtrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/annx-vs-qtrx/)
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Related comparisons
Hubs: ANNX correlations · QTRX correlations
