ACWI vs ANNA: Correlation
Measured on weekly returns over the past three years, iShares MSCI ACWI ETF (ACWI) and AleAnna, Inc. (ANNA) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and ANNA?
On 3 years of weekly data the ACWI/ANNA correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.55) than the 3-year average (-0.17). The 5-year figure is -0.13, and annualized covariance runs at -211.4 %².
Within ACWI's tracked universe of 119 assets, ANNA comes in at #113 by 3-year correlation. The last year tells two different stories: ACWI led by 57.0 percentage points, +22.7% for ACWI against -34.3% for ANNA. Risk is not evenly split, since ANNA carries 6.4 times the volatility of the other side.
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.
ACWI vs ANNA: side by side
| ACWI (iShares MSCI ACWI ETF) | ANNA (AleAnna, Inc.) | |
|---|---|---|
| 1-year return | +22.7% | -34.3% |
| 5-year return | +69.0% | -71.7% |
| Volatility (ann.) | 13.8% | 88.7% |
| Beta vs S&P 500 | 0.92 | -0.92 |
| Max drawdown (3Y) | -16.5% | -86.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 14.7 |
| Dividend yield | 1.44% | 0.00% |
| Expense ratio | 0.32% | – |
| Assets under management | $32.5B | – |
| Sector / category | ETF · Global | US Listed |
On the fund side, ACWI sits in the Global Large-Stock Blend category at iShares, with $32.5B under management, 1590 holdings, a 0.32% expense ratio, a 1.44% trailing dividend yield.
Year-by-year returns
| Year | ACWI | ANNA |
|---|---|---|
| 2022 | -18.4% | – |
| 2023 | +22.3% | +7.3% |
| 2024 | +17.4% | -37.6% |
| 2025 | +22.4% | -57.6% |
| 2026 | +14.9% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACWI and ANNA good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACWI and ANNA?
The ACWI/ANNA correlation stands at -0.17 on a 3-year window (1 year: -0.55, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is ANNA a good diversifier for ACWI?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 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/acwi-vs-anna.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acwi-vs-anna/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ACWI correlations · ANNA correlations
