ANTX vs QQQ: Correlation
How closely do AN2 Therapeutics, Inc. (ANTX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.08, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANTX and QQQ?
Over the past 3 years, ANTX and QQQ moved with a correlation of 0.08, which is near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.01 lands near the 3-year figure. Over 5 years the correlation is 0.13, and the annualized covariance of weekly returns is 200.1 %².
Among the 30 assets we track against ANTX, QQQ ranks #15 by 3-year correlation. The last year tells two different stories: ANTX led by 377.2 percentage points, +403.5% for ANTX against +26.3% for QQQ. 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 QQQ: side by side
| ANTX (AN2 Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +403.5% | +26.3% |
| 5-year return | -62.7% | +95.4% |
| Volatility (ann.) | 131.4% | 19.6% |
| Beta vs S&P 500 | 0.22 | 1.28 |
| Max drawdown (3Y) | -95.4% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | ANTX | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +115.0% | +54.9% |
| 2024 | -93.3% | +25.6% |
| 2025 | -17.4% | +20.8% |
| 2026 | +403.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANTX and QQQ good diversifiers for each other?
Yes. With a correlation of 0.08, ANTX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANTX and QQQ?
Using weekly returns as of 2026-08-27: 0.08 over 3 years, with -0.01 over the last year and 0.13 over 5 years.
Is QQQ a good diversifier for ANTX?
Yes. With a correlation of 0.08, ANTX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.08 mean?
A reading of 0.08 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/antx-vs-qqq.json
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[](https://www.pairbook.io/pair/antx-vs-qqq/)
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Related comparisons
Hubs: ANTX correlations · QQQ correlations
