ANNA vs BHR: Correlation
AleAnna, Inc. (ANNA) and Braemar Hotels & Resorts Inc. (BHR) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and BHR?
On 3 years of weekly data the ANNA/BHR correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.24 over 3 years. The 5-year figure is -0.21, and annualized covariance runs at -1189.5 %².
Within ANNA's tracked universe of 103 assets, BHR comes in at #78 by 3-year correlation. The trailing year gives BHR the advantage: -34.3% versus -21.4%, a 12.9-point spread. Risk is not evenly split, since ANNA carries 1.6 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.
ANNA vs BHR: side by side
| ANNA (AleAnna, Inc.) | BHR (Braemar Hotels & Resorts Inc.) | |
|---|---|---|
| 1-year return | -34.3% | -21.4% |
| 5-year return | -71.7% | -47.8% |
| Volatility (ann.) | 88.7% | 55.4% |
| Beta vs S&P 500 | -0.92 | 1.17 |
| Max drawdown (3Y) | -86.3% | -49.7% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 4.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANNA | BHR |
|---|---|---|
| 2022 | – | -17.9% |
| 2023 | +7.3% | -35.2% |
| 2024 | -37.6% | +29.6% |
| 2025 | -57.6% | +3.0% |
| 2026 | -3.0% | -27.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and BHR good diversifiers for each other?
Yes. With a correlation of -0.24, ANNA and BHR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANNA and BHR?
The ANNA/BHR correlation stands at -0.24 on a 3-year window (1 year: -0.34, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is BHR a good diversifier for ANNA?
Yes. With a correlation of -0.24, ANNA and BHR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/anna-vs-bhr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/anna-vs-bhr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANNA correlations · BHR correlations
