ANNA vs EEM: Correlation
Measured on weekly returns over the past three years, AleAnna, Inc. (ANNA) and iShares MSCI Emerging Markets ETF (EEM) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and EEM?
Across a 3-year window, the weekly returns of ANNA and EEM correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.44) runs below the 3-year figure (-0.20). Stretching to 5 years gives -0.16, with an annualized covariance of -317.9 %².
Within ANNA's tracked universe of 103 assets, EEM comes in at #52 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EEM outperformed by 72.4 percentage points (-34.3% for ANNA against +38.1% for EEM). Risk is not evenly split, since ANNA carries 4.9 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 EEM: side by side
| ANNA (AleAnna, Inc.) | EEM (iShares MSCI Emerging Markets ETF) | |
|---|---|---|
| 1-year return | -34.3% | +38.1% |
| 5-year return | -71.7% | +47.1% |
| Volatility (ann.) | 88.7% | 18.0% |
| Beta vs S&P 500 | -0.92 | 0.85 |
| Max drawdown (3Y) | -86.3% | -17.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 1.73% |
| Expense ratio | – | 0.72% |
| Assets under management | – | $29.2B |
| Sector / category | US Listed | ETF · International |
EEM is a Diversified Emerging Mkts fund from iShares: $29.2B under management, 968 holdings, a 0.72% expense ratio, a 1.73% trailing dividend yield.
Year-by-year returns
| Year | ANNA | EEM |
|---|---|---|
| 2022 | – | -20.6% |
| 2023 | +7.3% | +8.9% |
| 2024 | -37.6% | +6.5% |
| 2025 | -57.6% | +34.0% |
| 2026 | -3.0% | +24.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and EEM good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANNA and EEM?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.44 over the last year and -0.16 over 5 years.
Is EEM a good diversifier for ANNA?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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-eem.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/anna-vs-eem/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANNA correlations · EEM correlations
