ANAB vs. BKKT

Last updated Aug 1, 2026

ANAB (AnaptysBio, Inc.) and BKKT (Bakkt Holdings, Inc.) are both stocks. ANAB operates in Biotechnology (Healthcare), while BKKT operates in Software - Infrastructure (Technology). Over the past 5 years, ANAB returned 28.35%/yr vs -50.69%/yr for BKKT. Their 0.23 correlation means their historical movements had little consistent relationship.

Performance

ANAB vs. BKKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AnaptysBio, Inc. (ANAB) and Bakkt Holdings, Inc. (BKKT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANAB achieves a 65.10% return, which is significantly higher than BKKT's -28.59% return.

ANAB

• 1D: -3.05%
• 1M: -15.86%
• 6M: 68.83%
• YTD: 65.10%
• 1Y: 224.18%
• 3Y*: 57.31%
• 5Y*: 28.35%
• 10Y*: —
• ALL TIME*: 18.45%

BKKT

• 1D: -3.63%
• 1M: -14.23%
• 6M: -46.45%
• YTD: -28.59%
• 1Y: -23.15%
• 3Y*: -43.50%
• 5Y*: -50.69%
• 10Y*: —
• ALL TIME*: -47.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ANAB AnaptysBio, Inc.	$39.97M	$46.98M	$40.05M
BKKT Bakkt Holdings, Inc.	$6.67M	$7.36M	$15.50M

ANAB vs. BKKT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ANAB AnaptysBio, Inc.	65.10%	266.16%	-38.19%	-30.88%	-10.82%	61.63%	-18.53%
BKKT Bakkt Holdings, Inc.	-28.59%	-59.47%	-55.57%	87.39%	-86.02%	-15.58%	-8.36%

Correlation

The correlation between ANAB and BKKT is 0.19, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.19
Correlation (3Y) Balances recent behavior with more history.	0.21
Correlation (5Y) Shows whether the relationship held over a longer period.	0.23
Correlation (All Time) Calculated using the full available price history since Nov 19, 2020	0.23

Fundamentals

Market Cap ANAB : $2.30B BKKT : $319.87M
EPS ANAB : -$0.90 BKKT : -$18.74
PS Ratio ANAB : 6.82 BKKT : 0.04
Total Revenue (TTM) ANAB : $232.39M BKKT : $1.28B
Gross Profit (TTM) ANAB : $245.59M BKKT : $470.36M
EBITDA (TTM) ANAB : $52.72M BKKT : -$124.76M

Return for Risk

ANAB vs. BKKT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ANAB

ANAB Risk / Return Rank: 96
ANAB Sharpe Ratio Rank: 98
ANAB Sortino Ratio Rank: 94
ANAB Omega Ratio Rank: 94
ANAB Calmar Ratio Rank: 98
ANAB Martin Ratio Rank: 97

BKKT

BKKT Risk / Return Rank: 41
BKKT Sharpe Ratio Rank: 35
BKKT Sortino Ratio Rank: 51
BKKT Omega Ratio Rank: 48
BKKT Calmar Ratio Rank: 33
BKKT Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ANAB vs. BKKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AnaptysBio, Inc. (ANAB) and Bakkt Holdings, Inc. (BKKT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ANAB	BKKT	Difference
Sharpe ratio: Return per unit of total volatility	3.10	-0.21	+3.30
Sortino ratio: Return per unit of downside risk	3.35	0.68	+2.67
Omega ratio: Gain probability vs. loss probability	1.45	1.07	+0.37
Calmar ratio: Return relative to maximum drawdown	8.14	-0.33	+8.46
Martin ratio: Return relative to average drawdown	19.84	-0.42	+20.26

ANAB vs. BKKT - Sharpe Ratio Comparison

The current ANAB Sharpe Ratio is 3.10, which is higher than the BKKT Sharpe Ratio of -0.21. The chart below compares the historical Sharpe Ratios of ANAB and BKKT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ANAB vs. BKKT - Drawdown Comparison

The maximum ANAB drawdown since its inception was -92.08%, smaller than the maximum BKKT drawdown of -99.41%. Use the drawdown chart below to compare losses from any high point for ANAB and BKKT.

Drawdown Indicators

	ANAB	BKKT	Difference
Max Drawdown Largest peak-to-trough decline	-92.08%	-99.41%	+7.33%
Max Drawdown (1Y) Largest decline over 1 year	-27.96%	-84.79%	+56.83%
Max Drawdown (3Y) Largest decline over 3 years	-69.32%	-89.36%	+20.04%
Max Drawdown (5Y) Largest decline over 5 years	-69.32%	-99.41%	+30.09%
Current Drawdown Current decline from peak	-37.74%	-99.33%	+61.59%
Average Drawdown Average peak-to-trough decline	-64.17%	-85.12%	+20.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.45%	65.81%	-54.36%

Volatility

ANAB vs. BKKT - Volatility Comparison

AnaptysBio, Inc. (ANAB) has a higher volatility of 27.46% compared to Bakkt Holdings, Inc. (BKKT) at 21.04%. This indicates that ANAB's price experiences larger fluctuations and is considered to be riskier than BKKT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANAB	BKKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.46%	21.04%	+6.42%
Volatility (6M) Calculated over the trailing 6-month period	51.26%	65.34%	-14.08%
Volatility (1Y) Calculated over the trailing 1-year period	73.55%	134.63%	-61.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.36%	190.05%	-123.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.51%	181.08%	-105.57%

Dividends

ANAB vs. BKKT - Dividend Comparison

Neither ANAB nor BKKT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ANAB and BKKT in my portfolio?

ANAB and BKKT have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ANAB or BKKT?

ANAB has higher volatility (27.46%) compared to BKKT (21.04%). In terms of maximum drawdown, ANAB dropped -92.08% vs BKKT's -99.41%.

Which has better risk-adjusted returns?

ANAB currently has the higher Sharpe Ratio (3.10 vs -0.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.