ANNA vs GPK: Correlation
How closely do AleAnna, Inc. (ANNA) and Graphic Packaging Holding Company (GPK) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and GPK?
Across a 3-year window, the weekly returns of ANNA and GPK correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.23 over 3. Stretching to 5 years gives -0.19, with an annualized covariance of -617.3 %².
Within ANNA's tracked universe of 103 assets, GPK comes in at #73 by 3-year correlation. The trailing year gives ANNA the advantage: -34.3% versus -47.7%, a 13.4-point spread. Risk is not evenly split, since ANNA carries 2.9 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 GPK: side by side
| ANNA (AleAnna, Inc.) | GPK (Graphic Packaging Holding Company) | |
|---|---|---|
| 1-year return | -34.3% | -47.7% |
| 5-year return | -71.7% | -39.0% |
| Volatility (ann.) | 88.7% | 30.7% |
| Beta vs S&P 500 | -0.92 | 0.71 |
| Max drawdown (3Y) | -86.3% | -69.7% |
| Market cap | $0.1B | $3.4B |
| P/E (trailing) | 14.7 | 17.7 |
| Dividend yield | 0.00% | 3.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANNA | GPK |
|---|---|---|
| 2022 | – | +15.9% |
| 2023 | +7.3% | +12.7% |
| 2024 | -37.6% | +11.7% |
| 2025 | -57.6% | -43.3% |
| 2026 | -3.0% | -23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and GPK good diversifiers for each other?
Yes. With a correlation of -0.23, ANNA and GPK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANNA and GPK?
As of 2026-08-27, the correlation of weekly returns between ANNA and GPK is -0.23 over 3 years, -0.32 over 1 year and -0.19 over 5 years.
Is GPK a good diversifier for ANNA?
Yes. With a correlation of -0.23, ANNA and GPK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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-gpk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anna-vs-gpk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANNA correlations · GPK correlations
