ANTX vs ZD: Correlation
Measured on weekly returns over the past three years, AN2 Therapeutics, Inc. (ANTX) and Ziff Davis, Inc. (ZD) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANTX and ZD?
Across a 3-year window, the weekly returns of ANTX and ZD correlate at 0.48, moderate. The past 12 months show a tighter link (0.67) than the 3-year average (0.48). Stretching to 5 years gives 0.38, with an annualized covariance of 3313.8 %².
Within ANTX's tracked universe of 30 assets, ZD comes in at #7 by 3-year correlation. The last year tells two different stories: ANTX led by 355.8 percentage points, +403.5% for ANTX against +47.7% for ZD. Note the risk asymmetry: ANTX runs 2.5 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 ZD: side by side
| ANTX (AN2 Therapeutics, Inc.) | ZD (Ziff Davis, Inc.) | |
|---|---|---|
| 1-year return | +403.5% | +47.7% |
| 5-year return | -62.7% | -53.5% |
| Volatility (ann.) | 131.4% | 52.4% |
| Beta vs S&P 500 | 0.22 | 1.08 |
| Max drawdown (3Y) | -95.4% | -62.6% |
| Market cap | $0.2B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANTX | ZD |
|---|---|---|
| 2022 | – | -28.6% |
| 2023 | +115.0% | -15.1% |
| 2024 | -93.3% | -19.1% |
| 2025 | -17.4% | -35.3% |
| 2026 | +403.5% | +58.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANTX and ZD good diversifiers for each other?
Reasonably. At 0.48, ANTX and ZD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ANTX and ZD?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.67 over the last year and 0.38 over 5 years.
Is ZD a good diversifier for ANTX?
Reasonably. At 0.48, ANTX and ZD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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-zd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/antx-vs-zd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANTX correlations · ZD correlations
