ANTX vs HRZN: Correlation
How closely do AN2 Therapeutics, Inc. (ANTX) and Horizon Technology Finance Corporation (HRZN) trade together? Their weekly returns over three years give a correlation of -0.42, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANTX and HRZN?
On 3 years of weekly data the ANTX/HRZN correlation comes out at -0.42, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.69 versus -0.42 over 3 years. The 5-year figure is -0.25, and annualized covariance runs at -1799.8 %².
Out of 30 assets tracked against ANTX, HRZN lands near the bottom at #30. The last year tells two different stories: ANTX led by 418.1 percentage points, +403.5% for ANTX against -14.6% for HRZN. Note the risk asymmetry: ANTX runs 4.0 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 HRZN: side by side
| ANTX (AN2 Therapeutics, Inc.) | HRZN (Horizon Technology Finance Corporation) | |
|---|---|---|
| 1-year return | +403.5% | -14.6% |
| 5-year return | -62.7% | -44.7% |
| Volatility (ann.) | 131.4% | 32.9% |
| Beta vs S&P 500 | 0.22 | 0.55 |
| Max drawdown (3Y) | -95.4% | -59.4% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | – | 13.0 |
| Dividend yield | 0.00% | 23.38% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANTX | HRZN |
|---|---|---|
| 2022 | – | -19.7% |
| 2023 | +115.0% | +27.0% |
| 2024 | -93.3% | -22.9% |
| 2025 | -17.4% | -14.4% |
| 2026 | +403.5% | -14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANTX and HRZN good diversifiers for each other?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANTX and HRZN?
As of 2026-08-27, the correlation of weekly returns between ANTX and HRZN is -0.42 over 3 years, -0.69 over 1 year and -0.25 over 5 years.
Is HRZN a good diversifier for ANTX?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
What does a correlation of -0.42 mean?
On the −1 to +1 scale, -0.42 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
$ curl https://www.pairbook.io/api/v1/pairs/antx-vs-hrzn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/antx-vs-hrzn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANTX correlations · HRZN correlations
