ANTX vs MRX: Correlation
Measured on weekly returns over the past three years, AN2 Therapeutics, Inc. (ANTX) and Marex Group Limited (MRX) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANTX and MRX?
Over the past 3 years, ANTX and MRX moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.42 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1710.6 %².
Among the 30 assets we track against ANTX, MRX sits near the bottom by co-movement, at rank #29. Their recent paths diverged sharply: over the last 12 months ANTX outperformed by 303.9 percentage points (+403.5% for ANTX against +99.6% for MRX). Risk is not evenly split, since ANTX carries 3.3 times the volatility of the other side.
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 MRX: side by side
| ANTX (AN2 Therapeutics, Inc.) | MRX (Marex Group Limited) | |
|---|---|---|
| 1-year return | +403.5% | +99.6% |
| 5-year return | -62.7% | n/a |
| Volatility (ann.) | 131.4% | 39.3% |
| Beta vs S&P 500 | 0.22 | 0.44 |
| Max drawdown (3Y) | -95.4% | -41.1% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 14.6 |
| Dividend yield | 0.00% | 1.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANTX | MRX |
|---|---|---|
| 2023 | +115.0% | – |
| 2024 | -93.3% | – |
| 2025 | -17.4% | +25.1% |
| 2026 | +403.5% | +87.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANTX and MRX good diversifiers for each other?
Yes. With a correlation of -0.32, ANTX and MRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANTX and MRX?
The ANTX/MRX correlation stands at -0.32 on a 3-year window (1 year: -0.42, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MRX a good diversifier for ANTX?
Yes. With a correlation of -0.32, ANTX and MRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/antx-vs-mrx.json
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Related comparisons
Hubs: ANTX correlations · MRX correlations
