ANNA vs IEMG: Correlation
AleAnna, Inc. (ANNA) and iShares Core MSCI Emerging Markets ETF (IEMG) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and IEMG?
Over the past 3 years, ANNA and IEMG moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.44) than the 3-year average (-0.20). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -309.7 %².
Among the 103 assets we track against ANNA, IEMG ranks #54 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IEMG outperformed by 70.3 percentage points (-34.3% for ANNA against +36.0% for IEMG). Risk is not evenly split, since ANNA carries 5.1 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 IEMG: side by side
| ANNA (AleAnna, Inc.) | IEMG (iShares Core MSCI Emerging Markets ETF) | |
|---|---|---|
| 1-year return | -34.3% | +36.0% |
| 5-year return | -71.7% | +50.7% |
| Volatility (ann.) | 88.7% | 17.4% |
| Beta vs S&P 500 | -0.92 | 0.84 |
| Max drawdown (3Y) | -86.3% | -17.2% |
| Market cap | $0.1B | – |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 2.31% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $152.2B |
| Sector / category | US Listed | ETF · International |
IEMG, iShares's Diversified Emerging Mkts fund, carries $152.2B under management, 1824 holdings, a 0.09% expense ratio, a 2.31% trailing dividend yield.
Year-by-year returns
| Year | ANNA | IEMG |
|---|---|---|
| 2022 | – | -20.0% |
| 2023 | +7.3% | +11.5% |
| 2024 | -37.6% | +6.5% |
| 2025 | -57.6% | +32.6% |
| 2026 | -3.0% | +23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and IEMG good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANNA and IEMG?
As of 2026-08-27, the correlation of weekly returns between ANNA and IEMG is -0.20 over 3 years, -0.44 over 1 year and -0.16 over 5 years.
Is IEMG a good diversifier for ANNA?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ANNA correlations · IEMG correlations
