JANX vs NERV: Correlation
Janux Therapeutics, Inc. (JANX) and Minerva Neurosciences, Inc (NERV) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JANX and NERV?
Across a 3-year window, the weekly returns of JANX and NERV correlate at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.24 over 3 years. Stretching to 5 years gives -0.13, with an annualized covariance of -3474.0 %².
NERV is close to the least connected end of JANX's tracked universe, ranking #14 of 16. Correlation aside, the last 12 months split them widely, with NERV ahead by 136.1 points (-19.6% versus +116.5%).
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.
JANX vs NERV: side by side
| JANX (Janux Therapeutics, Inc.) | NERV (Minerva Neurosciences, Inc) | |
|---|---|---|
| 1-year return | -19.6% | +116.5% |
| 5-year return | -42.6% | -63.8% |
| Volatility (ann.) | 148.0% | 99.2% |
| Beta vs S&P 500 | 1.76 | 1.61 |
| Max drawdown (3Y) | -81.8% | -89.3% |
| Market cap | $1.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JANX | NERV |
|---|---|---|
| 2022 | -33.2% | -75.2% |
| 2023 | -18.5% | +286.8% |
| 2024 | +399.0% | -63.9% |
| 2025 | -74.2% | +80.9% |
| 2026 | +36.1% | +27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JANX and NERV good diversifiers for each other?
Yes. With a correlation of -0.24, JANX and NERV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JANX and NERV?
The JANX/NERV correlation stands at -0.24 on a 3-year window (1 year: 0.02, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is NERV a good diversifier for JANX?
Yes. With a correlation of -0.24, JANX and NERV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/janx-vs-nerv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/janx-vs-nerv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JANX correlations · NERV correlations
