ANNA vs CPAY: Correlation
How closely do AleAnna, Inc. (ANNA) and Corpay (CPAY) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and CPAY?
Across a 3-year window, the weekly returns of ANNA and CPAY correlate at -0.16, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.42) runs below the 3-year figure (-0.16). Stretching to 5 years gives -0.13, with an annualized covariance of -447.7 %².
By 3-year correlation, CPAY places #20 of the 103 assets tracked against ANNA. The last year tells two different stories: CPAY led by 58.4 percentage points, -34.3% for ANNA against +24.1% for CPAY. One caveat on sizing: ANNA is 2.8 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.
ANNA vs CPAY: side by side
| ANNA (AleAnna, Inc.) | CPAY (Corpay) | |
|---|---|---|
| 1-year return | -34.3% | +24.1% |
| 5-year return | -71.7% | +55.2% |
| Volatility (ann.) | 88.7% | 31.7% |
| Beta vs S&P 500 | -0.92 | 1.22 |
| Max drawdown (3Y) | -86.3% | -34.5% |
| Market cap | $0.1B | $26.5B |
| P/E (trailing) | 14.7 | 24.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ANNA | CPAY |
|---|---|---|
| 2022 | – | -17.9% |
| 2023 | +7.3% | +53.9% |
| 2024 | -37.6% | +19.7% |
| 2025 | -57.6% | -11.1% |
| 2026 | -3.0% | +34.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and CPAY good diversifiers for each other?
Yes. With a correlation of -0.16, ANNA and CPAY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANNA and CPAY?
As of 2026-08-27, the correlation of weekly returns between ANNA and CPAY is -0.16 over 3 years, -0.42 over 1 year and -0.13 over 5 years.
Is CPAY a good diversifier for ANNA?
Yes. With a correlation of -0.16, ANNA and CPAY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
A reading of -0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ANNA correlations · CPAY correlations
