AIIO vs ANIP: Correlation
How closely do Robo.ai Inc. - Class B (AIIO) and ANI Pharmaceuticals, Inc. (ANIP) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIIO and ANIP?
On 3 years of weekly data the AIIO/ANIP correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. The 5-year figure is -0.13, and annualized covariance runs at -2085.6 %².
Within AIIO's tracked universe of 35 assets, ANIP comes in at #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ANIP outperformed by 71.3 percentage points (-91.3% for AIIO against -20.0% for ANIP). One caveat on sizing: AIIO is 8.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AIIO vs ANIP: side by side
| AIIO (Robo.ai Inc. - Class B) | ANIP (ANI Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -91.3% | -20.0% |
| 5-year return | -98.8% | +168.3% |
| Volatility (ann.) | 280.6% | 35.1% |
| Beta vs S&P 500 | 0.74 | 0.51 |
| Max drawdown (3Y) | -99.7% | -28.7% |
| Market cap | $0.4B | $1.7B |
| P/E (trailing) | – | 16.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIIO | ANIP |
|---|---|---|
| 2022 | -9.2% | -12.7% |
| 2023 | -27.5% | +37.1% |
| 2024 | -91.0% | +0.3% |
| 2025 | -56.6% | +42.8% |
| 2026 | -61.3% | -6.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIIO and ANIP good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between AIIO and ANIP?
The AIIO/ANIP correlation stands at -0.21 on a 3-year window (1 year: -0.18, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is ANIP a good diversifier for AIIO?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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/aiio-vs-anip.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aiio-vs-anip/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIIO correlations · ANIP correlations
