ANTX vs JCI: Correlation
AN2 Therapeutics, Inc. (ANTX) and Johnson Controls (JCI) 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
How correlated are ANTX and JCI?
Across a 3-year window, the weekly returns of ANTX and JCI correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.20 over 3 years. Stretching to 5 years gives -0.09, with an annualized covariance of -736.8 %².
By 3-year correlation, JCI places #21 of the 30 assets tracked against ANTX. Their recent paths diverged sharply: over the last 12 months ANTX outperformed by 372.6 percentage points (+403.5% for ANTX against +30.9% for JCI). One caveat on sizing: ANTX is 4.7 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.
ANTX vs JCI: side by side
| ANTX (AN2 Therapeutics, Inc.) | JCI (Johnson Controls) | |
|---|---|---|
| 1-year return | +403.5% | +30.9% |
| 5-year return | -62.7% | +108.2% |
| Volatility (ann.) | 131.4% | 28.1% |
| Beta vs S&P 500 | 0.22 | 0.98 |
| Max drawdown (3Y) | -95.4% | -21.1% |
| Market cap | $0.2B | $86.1B |
| P/E (trailing) | – | 40.1 |
| Dividend yield | 0.00% | 1.11% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ANTX | JCI |
|---|---|---|
| 2022 | – | -19.3% |
| 2023 | +115.0% | -7.6% |
| 2024 | -93.3% | +39.8% |
| 2025 | -17.4% | +53.0% |
| 2026 | +403.5% | +19.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANTX and JCI 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 JCI?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.37 over the last year and -0.09 over 5 years.
Is JCI 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
$ curl https://www.pairbook.io/api/v1/pairs/antx-vs-jci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/antx-vs-jci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANTX correlations · JCI correlations
