ANNA vs FCX: Correlation
AleAnna, Inc. (ANNA) and Freeport-McMoRan (FCX) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and FCX?
On 3 years of weekly data the ANNA/FCX correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.18 over 3 years. The 5-year figure is -0.14, and annualized covariance runs at -689.4 %².
Within ANNA's tracked universe of 103 assets, FCX comes in at #40 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FCX ahead by 115.0 points (-34.3% versus +80.7%). One caveat on sizing: ANNA is 2.1 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 FCX: side by side
| ANNA (AleAnna, Inc.) | FCX (Freeport-McMoRan) | |
|---|---|---|
| 1-year return | -34.3% | +80.7% |
| 5-year return | -71.7% | +129.3% |
| Volatility (ann.) | 88.7% | 43.2% |
| Beta vs S&P 500 | -0.92 | 1.55 |
| Max drawdown (3Y) | -86.3% | -46.3% |
| Market cap | $0.1B | $112.6B |
| P/E (trailing) | 14.7 | 38.8 |
| Dividend yield | 0.00% | 0.76% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ANNA | FCX |
|---|---|---|
| 2022 | – | -7.3% |
| 2023 | +7.3% | +13.7% |
| 2024 | -37.6% | -9.4% |
| 2025 | -57.6% | +35.4% |
| 2026 | -3.0% | +55.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and FCX good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANNA and FCX?
The ANNA/FCX correlation stands at -0.18 on a 3-year window (1 year: -0.34, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is FCX a good diversifier for ANNA?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 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-fcx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/anna-vs-fcx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANNA correlations · FCX correlations
