ANTX vs ECL: Correlation
AN2 Therapeutics, Inc. (ANTX) and Ecolab (ECL) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANTX and ECL?
On 3 years of weekly data the ANTX/ECL correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.23). The 5-year figure is -0.09, and annualized covariance runs at -584.8 %².
Among the 30 assets we track against ANTX, ECL sits near the bottom by co-movement, at rank #26. Correlation aside, the last 12 months split them widely, with ANTX ahead by 400.4 points (+403.5% versus +3.1%). Note the risk asymmetry: ANTX runs 6.7 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 ECL: side by side
| ANTX (AN2 Therapeutics, Inc.) | ECL (Ecolab) | |
|---|---|---|
| 1-year return | +403.5% | +3.1% |
| 5-year return | -62.7% | +34.0% |
| Volatility (ann.) | 131.4% | 19.5% |
| Beta vs S&P 500 | 0.22 | 0.64 |
| Max drawdown (3Y) | -95.4% | -20.1% |
| Market cap | $0.2B | $80.1B |
| P/E (trailing) | – | 39.1 |
| Dividend yield | 0.00% | 0.98% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ANTX | ECL |
|---|---|---|
| 2022 | – | -37.1% |
| 2023 | +115.0% | +37.9% |
| 2024 | -93.3% | +19.3% |
| 2025 | -17.4% | +13.2% |
| 2026 | +403.5% | +9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANTX and ECL good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANTX and ECL?
The ANTX/ECL correlation stands at -0.23 on a 3-year window (1 year: -0.40, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is ECL a good diversifier for ANTX?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
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Related comparisons
Hubs: ANTX correlations · ECL correlations
