ANNA vs GRMN: Correlation
How closely do AleAnna, Inc. (ANNA) and Garmin (GRMN) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and GRMN?
On 3 years of weekly data the ANNA/GRMN correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. The 5-year figure is -0.15, and annualized covariance runs at -508.0 %².
By 3-year correlation, GRMN places #29 of the 103 assets tracked against ANNA. Correlation aside, the last 12 months split them widely, with GRMN ahead by 59.4 points (-34.3% versus +25.1%). Risk is not evenly split, since ANNA carries 2.6 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 GRMN: side by side
| ANNA (AleAnna, Inc.) | GRMN (Garmin) | |
|---|---|---|
| 1-year return | -34.3% | +25.1% |
| 5-year return | -71.7% | +80.9% |
| Volatility (ann.) | 88.7% | 34.7% |
| Beta vs S&P 500 | -0.92 | 1.06 |
| Max drawdown (3Y) | -86.3% | -28.0% |
| Market cap | $0.1B | $55.9B |
| P/E (trailing) | 14.7 | 29.9 |
| Dividend yield | 0.00% | 1.45% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | ANNA | GRMN |
|---|---|---|
| 2022 | – | -30.2% |
| 2023 | +7.3% | +43.1% |
| 2024 | -37.6% | +63.3% |
| 2025 | -57.6% | -0.1% |
| 2026 | -3.0% | +44.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and GRMN good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANNA and GRMN?
The ANNA/GRMN correlation stands at -0.17 on a 3-year window (1 year: -0.23, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is GRMN a good diversifier for ANNA?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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-grmn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anna-vs-grmn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANNA correlations · GRMN correlations
