BKKT vs. ANAB

Last updated Aug 1, 2026

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

Performance

BKKT vs. ANAB - Performance Comparison

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

Returns By Period

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

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%

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%

*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

BKKT vs. ANAB - Yearly Performance Comparison

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

Correlation

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

Return for Risk

BKKT vs. ANAB — Risk / Return Rank

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

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

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

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.

BKKT vs. ANAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bakkt Holdings, Inc. (BKKT) and AnaptysBio, Inc. (ANAB). 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.

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

BKKT vs. ANAB - Sharpe Ratio Comparison

The current BKKT Sharpe Ratio is -0.21, which is lower than the ANAB Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of BKKT and ANAB, 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

BKKT vs. ANAB - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

BKKT vs. ANAB - Volatility Comparison

The current volatility for Bakkt Holdings, Inc. (BKKT) is 21.04%, while AnaptysBio, Inc. (ANAB) has a volatility of 27.46%. This indicates that BKKT experiences smaller price fluctuations and is considered to be less risky than ANAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

Dividends

BKKT vs. ANAB - Dividend Comparison

Neither BKKT nor ANAB has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both BKKT and ANAB in my portfolio?

BKKT and ANAB 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, BKKT or ANAB?

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

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.