ANRO vs DHR: Correlation
Alto Neuroscience, Inc. (ANRO) and Danaher Corporation (DHR) 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 ANRO and DHR?
On 3 years of weekly data the ANRO/DHR correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1375.6 %².
Few assets follow ANRO as closely as DHR, which ranks #2 of 16 tracked partners. The last year tells two different stories: ANRO led by 775.1 percentage points, +781.1% for ANRO against +6.0% for DHR. One caveat on sizing: ANRO is 3.8 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.
ANRO vs DHR: side by side
| ANRO (Alto Neuroscience, Inc.) | DHR (Danaher Corporation) | |
|---|---|---|
| 1-year return | +781.1% | +6.0% |
| 5-year return | n/a | -23.8% |
| Volatility (ann.) | 113.2% | 29.5% |
| Beta vs S&P 500 | 1.90 | 0.82 |
| Max drawdown (3Y) | -91.7% | -41.7% |
| Market cap | $1.4B | $151.6B |
| P/E (trailing) | – | 38.4 |
| Dividend yield | 0.00% | 0.67% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | ANRO | DHR |
|---|---|---|
| 2022 | – | -19.0% |
| 2023 | – | -1.2% |
| 2024 | – | -0.3% |
| 2025 | +320.8% | +0.4% |
| 2026 | +103.9% | -5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANRO and DHR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ANRO and DHR?
The ANRO/DHR correlation stands at 0.41 on a 3-year window (1 year: 0.48, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is DHR a good diversifier for ANRO?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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.
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Related comparisons
Hubs: ANRO correlations · DHR correlations
