ANVS vs SNOA: Correlation
How closely do Annovis Bio, Inc. (ANVS) and Sonoma Pharmaceuticals, Inc. (SNOA) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANVS and SNOA?
On 3 years of weekly data the ANVS/SNOA correlation comes out at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.38 over 3 years. The 5-year figure is 0.36, and annualized covariance runs at 6304.1 %².
By 3-year correlation, SNOA places #4 of the 10 assets tracked against ANVS. Their recent paths diverged sharply: over the last 12 months ANVS outperformed by 47.9 percentage points (-23.0% for ANVS against -70.9% for SNOA).
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.
ANVS vs SNOA: side by side
| ANVS (Annovis Bio, Inc.) | SNOA (Sonoma Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -23.0% | -70.9% |
| 5-year return | -95.0% | -98.9% |
| Volatility (ann.) | 130.1% | 127.6% |
| Beta vs S&P 500 | 2.62 | 2.43 |
| Max drawdown (3Y) | -93.8% | -95.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANVS | SNOA |
|---|---|---|
| 2022 | -23.6% | -75.4% |
| 2023 | +39.2% | -83.9% |
| 2024 | -73.1% | -25.3% |
| 2025 | -31.2% | +35.3% |
| 2026 | -47.7% | -63.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANVS and SNOA good diversifiers for each other?
Reasonably. At 0.38, ANVS and SNOA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ANVS and SNOA?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.19 over the last year and 0.36 over 5 years.
Is SNOA a good diversifier for ANVS?
Reasonably. At 0.38, ANVS and SNOA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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.
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Related comparisons
Hubs: ANVS correlations · SNOA correlations
