AMCR vs ANNA: Correlation
How closely do Amcor (AMCR) and AleAnna, Inc. (ANNA) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and ANNA?
On 3 years of weekly data the AMCR/ANNA correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.23). The 5-year figure is -0.20, and annualized covariance runs at -510.3 %².
Within AMCR's tracked universe of 36 assets, ANNA comes in at #30 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AMCR outperformed by 46.9 percentage points (+12.6% for AMCR against -34.3% for ANNA). One caveat on sizing: ANNA is 3.6 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.
AMCR vs ANNA: side by side
| AMCR (Amcor) | ANNA (AleAnna, Inc.) | |
|---|---|---|
| 1-year return | +12.6% | -34.3% |
| 5-year return | -9.8% | -71.7% |
| Volatility (ann.) | 24.5% | 88.7% |
| Beta vs S&P 500 | 0.46 | -0.92 |
| Max drawdown (3Y) | -32.0% | -86.3% |
| Market cap | $21.5B | $0.1B |
| P/E (trailing) | 19.8 | 14.7 |
| Dividend yield | 5.51% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | AMCR | ANNA |
|---|---|---|
| 2022 | +3.2% | – |
| 2023 | -15.0% | +7.3% |
| 2024 | +2.6% | -37.6% |
| 2025 | -9.0% | -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 AMCR and ANNA good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMCR and ANNA?
As of 2026-08-27, the correlation of weekly returns between AMCR and ANNA is -0.23 over 3 years, -0.41 over 1 year and -0.20 over 5 years.
Is ANNA a good diversifier for AMCR?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amcr-vs-anna.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amcr-vs-anna/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMCR correlations · ANNA correlations
