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ANTX vs CRH: Correlation

AN2 Therapeutics, Inc. (ANTX) and CRH plc (CRH) show a negative relationship: their 3-year correlation of weekly returns is -0.20.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
-0.20
negative
Correlation (1Y)
-0.38
last 12 months
Correlation (5Y)
-0.10
long-run
Ann. covariance
-768.0
%² · weekly, annualized

How correlated are ANTX and CRH?

On 3 years of weekly data the ANTX/CRH correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.20). The 5-year figure is -0.10, and annualized covariance runs at -768.0 %².

Within ANTX's tracked universe of 30 assets, CRH comes in at #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ANTX ahead by 418.1 points (+403.5% versus -14.6%). Note the risk asymmetry: ANTX runs 4.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.

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.

ANTX vs CRH: side by side

ANTX (AN2 Therapeutics, Inc.)CRH (CRH plc)
1-year return+403.5%-14.6%
5-year return-62.7%+104.1%
Volatility (ann.)131.4%29.7%
Beta vs S&P 5000.221.26
Max drawdown (3Y)-95.4%-28.4%
Market cap$0.2B$63.6B
P/E (trailing)17.2
Dividend yield0.00%1.57%
Sector / categoryUS ListedMaterials
Higher yield: CRH 1.57% vs 0.00%Smaller drawdown: CRH -28.4% vs -95.4%Higher 5y return: CRH +104.1% vs -62.7%
-18%0%+375%2025-09-052026-08-27
Both assets over the last year, indexed to 100 at the starting week. ANTX · CRH

Year-by-year returns

YearANTXCRH
2022-20.5%
2023+115.0%+81.3%
2024-93.3%+35.9%
2025-17.4%+35.9%
2026+403.5%-22.6%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are ANTX and CRH good diversifiers for each other?

By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.

FAQ

What is the correlation between ANTX and CRH?

As of 2026-08-27, the correlation of weekly returns between ANTX and CRH is -0.20 over 3 years, -0.38 over 1 year and -0.10 over 5 years.

Is CRH a good diversifier for ANTX?

By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.

What does a correlation of -0.20 mean?

On the −1 to +1 scale, -0.20 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.

Use this data

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ANTX vs CRH: 3-year weekly correlation -0.20ANTX vs CRH-0.20

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Related comparisons

Hubs: ANTX correlations · CRH correlations