AME vs ANNA: Correlation
How closely do Ametek (AME) and AleAnna, Inc. (ANNA) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AME and ANNA?
On 3 years of weekly data the AME/ANNA correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.18). The 5-year figure is -0.14, and annualized covariance runs at -326.2 %².
By 3-year correlation, ANNA places #25 of the 31 assets tracked against AME. Correlation aside, the last 12 months split them widely, with AME ahead by 65.7 points (+31.4% versus -34.3%). Note the risk asymmetry: ANNA runs 4.3 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.
AME vs ANNA: side by side
| AME (Ametek) | ANNA (AleAnna, Inc.) | |
|---|---|---|
| 1-year return | +31.4% | -34.3% |
| 5-year return | +83.6% | -71.7% |
| Volatility (ann.) | 20.4% | 88.7% |
| Beta vs S&P 500 | 0.84 | -0.92 |
| Max drawdown (3Y) | -23.0% | -86.3% |
| Market cap | $55.9B | $0.1B |
| P/E (trailing) | 35.8 | 14.7 |
| Dividend yield | 0.53% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | AME | ANNA |
|---|---|---|
| 2022 | -4.3% | – |
| 2023 | +18.8% | +7.3% |
| 2024 | +10.0% | -37.6% |
| 2025 | +14.7% | -57.6% |
| 2026 | +19.1% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AME and ANNA good diversifiers for each other?
Yes. With a correlation of -0.18, AME and ANNA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AME and ANNA?
The AME/ANNA correlation stands at -0.18 on a 3-year window (1 year: -0.43, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is ANNA a good diversifier for AME?
Yes. With a correlation of -0.18, AME and ANNA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/ame-vs-anna.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ame-vs-anna/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AME correlations · ANNA correlations
