ANNA vs GE: Correlation
AleAnna, Inc. (ANNA) and GE Aerospace (GE) 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 GE?
On 3 years of weekly data the ANNA/GE correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.47) than the 3-year average (-0.18). The 5-year figure is -0.15, and annualized covariance runs at -502.7 %².
Among the 103 assets we track against ANNA, GE ranks #41 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GE outperformed by 60.3 percentage points (-34.3% for ANNA against +26.0% for GE). Note the risk asymmetry: ANNA runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 GE: side by side
| ANNA (AleAnna, Inc.) | GE (GE Aerospace) | |
|---|---|---|
| 1-year return | -34.3% | +26.0% |
| 5-year return | -71.7% | +435.6% |
| Volatility (ann.) | 88.7% | 30.9% |
| Beta vs S&P 500 | -0.92 | 1.24 |
| Max drawdown (3Y) | -86.3% | -21.4% |
| Market cap | $0.1B | $355.6B |
| P/E (trailing) | 14.7 | 41.8 |
| Dividend yield | 0.00% | 0.47% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ANNA | GE |
|---|---|---|
| 2022 | – | -10.9% |
| 2023 | +7.3% | +95.7% |
| 2024 | -37.6% | +64.8% |
| 2025 | -57.6% | +85.7% |
| 2026 | -3.0% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and GE 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 GE?
The ANNA/GE correlation stands at -0.18 on a 3-year window (1 year: -0.47, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is GE 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?
On the −1 to +1 scale, -0.18 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/anna-vs-ge.json
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Related comparisons
Hubs: ANNA correlations · GE correlations
