ANNA vs EQNR: Correlation
Measured on weekly returns over the past three years, AleAnna, Inc. (ANNA) and Equinor ASA (EQNR) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and EQNR?
On 3 years of weekly data the ANNA/EQNR correlation comes out at 0.36, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.65 versus 0.36 over 3 years. The 5-year figure is 0.28, and annualized covariance runs at 1055.7 %².
In ANNA's tracked universe of 103 assets, EQNR sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months EQNR outperformed by 111.5 percentage points (-34.3% for ANNA against +77.2% for EQNR). Risk is not evenly split, since ANNA carries 2.7 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 EQNR: side by side
| ANNA (AleAnna, Inc.) | EQNR (Equinor ASA) | |
|---|---|---|
| 1-year return | -34.3% | +77.2% |
| 5-year return | -71.7% | +180.6% |
| Volatility (ann.) | 88.7% | 33.2% |
| Beta vs S&P 500 | -0.92 | -0.25 |
| Max drawdown (3Y) | -86.3% | -27.6% |
| Market cap | $0.1B | $98.6B |
| P/E (trailing) | 14.7 | 11.2 |
| Dividend yield | 0.00% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANNA | EQNR |
|---|---|---|
| 2022 | – | +42.8% |
| 2023 | +7.3% | -0.8% |
| 2024 | -37.6% | -16.0% |
| 2025 | -57.6% | +6.1% |
| 2026 | -3.0% | +81.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and EQNR good diversifiers for each other?
Reasonably. At 0.36, ANNA and EQNR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ANNA and EQNR?
As of 2026-08-27, the correlation of weekly returns between ANNA and EQNR is 0.36 over 3 years, 0.65 over 1 year and 0.28 over 5 years.
Is EQNR a good diversifier for ANNA?
Reasonably. At 0.36, ANNA and EQNR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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-eqnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anna-vs-eqnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANNA correlations · EQNR correlations
