ANNA vs IP: Correlation
AleAnna, Inc. (ANNA) and International Paper (IP) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and IP?
Over the past 3 years, ANNA and IP moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.21 over 3 years. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -710.1 %².
Within ANNA's tracked universe of 103 assets, IP comes in at #60 by 3-year correlation. The last year tells two different stories: IP led by 20.8 percentage points, -34.3% for ANNA against -13.5% for IP. Risk is not evenly split, since ANNA carries 2.3 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 IP: side by side
| ANNA (AleAnna, Inc.) | IP (International Paper) | |
|---|---|---|
| 1-year return | -34.3% | -13.5% |
| 5-year return | -71.7% | -11.2% |
| Volatility (ann.) | 88.7% | 37.8% |
| Beta vs S&P 500 | -0.92 | 0.77 |
| Max drawdown (3Y) | -86.3% | -48.6% |
| Market cap | $0.1B | $21.1B |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 4.47% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ANNA | IP |
|---|---|---|
| 2022 | – | -23.0% |
| 2023 | +7.3% | +10.2% |
| 2024 | -37.6% | +55.3% |
| 2025 | -57.6% | -23.8% |
| 2026 | -3.0% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and IP good diversifiers for each other?
Yes. With a correlation of -0.21, ANNA and IP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANNA and IP?
As of 2026-08-27, the correlation of weekly returns between ANNA and IP is -0.21 over 3 years, -0.33 over 1 year and -0.19 over 5 years.
Is IP a good diversifier for ANNA?
Yes. With a correlation of -0.21, ANNA and IP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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-ip.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anna-vs-ip/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANNA correlations · IP correlations
