ANTX vs STE: Correlation
How closely do AN2 Therapeutics, Inc. (ANTX) and Steris (STE) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANTX and STE?
Across a 3-year window, the weekly returns of ANTX and STE correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.46) than the 3-year average (-0.21). Stretching to 5 years gives -0.14, with an annualized covariance of -619.8 %².
Within ANTX's tracked universe of 30 assets, STE comes in at #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ANTX outperformed by 409.2 percentage points (+403.5% for ANTX against -5.7% for STE). One caveat on sizing: ANTX is 5.9 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 STE: side by side
| ANTX (AN2 Therapeutics, Inc.) | STE (Steris) | |
|---|---|---|
| 1-year return | +403.5% | -5.7% |
| 5-year return | -62.7% | +13.6% |
| Volatility (ann.) | 131.4% | 22.3% |
| Beta vs S&P 500 | 0.22 | 0.43 |
| Max drawdown (3Y) | -95.4% | -25.4% |
| Market cap | $0.2B | $22.7B |
| P/E (trailing) | – | 28.5 |
| Dividend yield | 0.00% | 1.06% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | ANTX | STE |
|---|---|---|
| 2022 | – | -23.4% |
| 2023 | +115.0% | +20.2% |
| 2024 | -93.3% | -5.6% |
| 2025 | -17.4% | +24.3% |
| 2026 | +403.5% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANTX and STE good diversifiers for each other?
Yes. With a correlation of -0.21, ANTX and STE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANTX and STE?
As of 2026-08-27, the correlation of weekly returns between ANTX and STE is -0.21 over 3 years, -0.46 over 1 year and -0.14 over 5 years.
Is STE a good diversifier for ANTX?
Yes. With a correlation of -0.21, ANTX and STE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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-ste.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/antx-vs-ste/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANTX correlations · STE correlations
