AQST vs JANX: Correlation
How closely do Aquestive Therapeutics, Inc. (AQST) and Janux Therapeutics, Inc. (JANX) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AQST and JANX?
On 3 years of weekly data the AQST/JANX correlation comes out at 0.37, moderate. The past 12 months show a weaker link (0.09) than the 3-year average (0.37). The 5-year figure is 0.30, and annualized covariance runs at 4756.3 %².
Within AQST's tracked universe of 11 assets, JANX comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AQST ahead by 53.6 points (+34.0% versus -19.6%). One caveat on sizing: JANX 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.
AQST vs JANX: side by side
| AQST (Aquestive Therapeutics, Inc.) | JANX (Janux Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +34.0% | -19.6% |
| 5-year return | +10.7% | -42.6% |
| Volatility (ann.) | 85.7% | 148.0% |
| Beta vs S&P 500 | 0.87 | 1.76 |
| Max drawdown (3Y) | -63.5% | -81.8% |
| Market cap | $0.6B | $1.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AQST | JANX |
|---|---|---|
| 2022 | -76.8% | -33.2% |
| 2023 | +123.9% | -18.5% |
| 2024 | +76.2% | +399.0% |
| 2025 | +81.5% | -74.2% |
| 2026 | -20.1% | +36.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AQST and JANX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AQST and JANX?
The AQST/JANX correlation stands at 0.37 on a 3-year window (1 year: 0.09, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is JANX a good diversifier for AQST?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/aqst-vs-janx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aqst-vs-janx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AQST correlations · JANX correlations
