AES vs ANNA: Correlation
AES Corporation (AES) and AleAnna, Inc. (ANNA) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AES and ANNA?
On 3 years of weekly data the AES/ANNA correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.31) runs below the 3-year figure (-0.17). The 5-year figure is -0.14, and annualized covariance runs at -595.2 %².
Within AES's tracked universe of 31 assets, ANNA comes in at #22 by 3-year correlation. The last year tells two different stories: AES led by 50.2 percentage points, +15.9% for AES against -34.3% for ANNA. Note the risk asymmetry: ANNA runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AES vs ANNA: side by side
| AES (AES Corporation) | ANNA (AleAnna, Inc.) | |
|---|---|---|
| 1-year return | +15.9% | -34.3% |
| 5-year return | -25.1% | -71.7% |
| Volatility (ann.) | 40.5% | 88.7% |
| Beta vs S&P 500 | 0.86 | -0.92 |
| Max drawdown (3Y) | -53.3% | -86.3% |
| Market cap | $10.5B | $0.1B |
| P/E (trailing) | 5.5 | 14.7 |
| Dividend yield | 4.78% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | AES | ANNA |
|---|---|---|
| 2022 | +21.7% | – |
| 2023 | -30.9% | +7.3% |
| 2024 | -30.4% | -37.6% |
| 2025 | +18.3% | -57.6% |
| 2026 | +6.6% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AES 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 AES and ANNA?
As of 2026-08-27, the correlation of weekly returns between AES and ANNA is -0.17 over 3 years, -0.31 over 1 year and -0.14 over 5 years.
Is ANNA a good diversifier for AES?
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?
On the −1 to +1 scale, -0.17 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/aes-vs-anna.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aes-vs-anna/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AES correlations · ANNA correlations
