ANTX vs TPET: Correlation
How closely do AN2 Therapeutics, Inc. (ANTX) and Trio Petroleum Corp. (TPET) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANTX and TPET?
On 3 years of weekly data the ANTX/TPET correlation comes out at 0.51, moderate. The past 12 months show a tighter link (0.84) than the 3-year average (0.51). The 5-year figure is n/a, and annualized covariance runs at 17760.6 %².
Among the 30 assets we track against ANTX, TPET ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ANTX outperformed by 484.4 percentage points (+403.5% for ANTX against -80.9% for TPET). Note the risk asymmetry: TPET runs 2.0 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 TPET: side by side
| ANTX (AN2 Therapeutics, Inc.) | TPET (Trio Petroleum Corp.) | |
|---|---|---|
| 1-year return | +403.5% | -80.9% |
| 5-year return | -62.7% | n/a |
| Volatility (ann.) | 131.4% | 264.2% |
| Beta vs S&P 500 | 0.22 | -2.89 |
| Max drawdown (3Y) | -95.4% | -98.5% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANTX | TPET |
|---|---|---|
| 2023 | +115.0% | – |
| 2024 | -93.3% | -80.5% |
| 2025 | -17.4% | -34.4% |
| 2026 | +403.5% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANTX and TPET good diversifiers for each other?
Only partially. A correlation of 0.51 means ANTX and TPET share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ANTX and TPET?
As of 2026-08-27, the correlation of weekly returns between ANTX and TPET is 0.51 over 3 years, 0.84 over 1 year and n/a over 5 years.
Is TPET a good diversifier for ANTX?
Only partially. A correlation of 0.51 means ANTX and TPET share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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.
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Related comparisons
Hubs: ANTX correlations · TPET correlations
