JANX vs ROOT: Correlation
Measured on weekly returns over the past three years, Janux Therapeutics, Inc. (JANX) and Root, Inc. (ROOT) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JANX and ROOT?
Across a 3-year window, the weekly returns of JANX and ROOT correlate at 0.57, moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.57). Stretching to 5 years gives 0.46, with an annualized covariance of 10735.5 %².
By 3-year correlation, ROOT places #5 of the 16 assets tracked against JANX. Correlation aside, the last 12 months split them widely, with JANX ahead by 18.5 points (-19.6% versus -38.1%).
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 ROOT: side by side
| JANX (Janux Therapeutics, Inc.) | ROOT (Root, Inc.) | |
|---|---|---|
| 1-year return | -19.6% | -38.1% |
| 5-year return | -42.6% | -52.1% |
| Volatility (ann.) | 148.0% | 127.9% |
| Beta vs S&P 500 | 1.76 | 1.45 |
| Max drawdown (3Y) | -81.8% | -75.7% |
| Market cap | $1.1B | $0.9B |
| P/E (trailing) | – | 16.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JANX | ROOT |
|---|---|---|
| 2022 | -33.2% | -92.0% |
| 2023 | -18.5% | +133.4% |
| 2024 | +399.0% | +592.7% |
| 2025 | -74.2% | -0.5% |
| 2026 | +36.1% | -23.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JANX and ROOT good diversifiers for each other?
Only partially. A correlation of 0.57 means JANX and ROOT 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 JANX and ROOT?
As of 2026-08-27, the correlation of weekly returns between JANX and ROOT is 0.57 over 3 years, 0.21 over 1 year and 0.46 over 5 years.
Is ROOT a good diversifier for JANX?
Only partially. A correlation of 0.57 means JANX and ROOT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/janx-vs-root.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/janx-vs-root/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JANX correlations · ROOT correlations
