ANTX vs RYDE: Correlation
Measured on weekly returns over the past three years, AN2 Therapeutics, Inc. (ANTX) and Ryde Group Ltd. Class A (RYDE) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANTX and RYDE?
Across a 3-year window, the weekly returns of ANTX and RYDE correlate at 0.39, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.69 versus 0.39 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 11480.6 %².
By 3-year correlation, RYDE places #10 of the 30 assets tracked against ANTX. The last year tells two different stories: ANTX led by 285.6 percentage points, +403.5% for ANTX against +117.9% for RYDE. One caveat on sizing: RYDE is 1.7 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 RYDE: side by side
| ANTX (AN2 Therapeutics, Inc.) | RYDE (Ryde Group Ltd. Class A) | |
|---|---|---|
| 1-year return | +403.5% | +117.9% |
| 5-year return | -62.7% | n/a |
| Volatility (ann.) | 131.4% | 224.8% |
| Beta vs S&P 500 | 0.22 | -0.77 |
| Max drawdown (3Y) | -95.4% | -99.1% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANTX | RYDE |
|---|---|---|
| 2023 | +115.0% | – |
| 2024 | -93.3% | – |
| 2025 | -17.4% | -43.5% |
| 2026 | +403.5% | +147.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANTX and RYDE good diversifiers for each other?
Reasonably. At 0.39, ANTX and RYDE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ANTX and RYDE?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.69 over the last year and n/a over 5 years.
Is RYDE a good diversifier for ANTX?
Reasonably. At 0.39, ANTX and RYDE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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-ryde.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/antx-vs-ryde/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANTX correlations · RYDE correlations
