ANNA vs IR: Correlation
AleAnna, Inc. (ANNA) and Ingersoll Rand (IR) show a negative relationship: their 3-year correlation of weekly returns is -0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and IR?
Over the past 3 years, ANNA and IR moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.32) runs below the 3-year figure (-0.15). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -398.8 %².
By 3-year correlation, IR places #15 of the 103 assets tracked against ANNA. Correlation aside, the last 12 months split them widely, with IR ahead by 32.3 points (-34.3% versus -2.0%). One caveat on sizing: ANNA is 3.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 IR: side by side
| ANNA (AleAnna, Inc.) | IR (Ingersoll Rand) | |
|---|---|---|
| 1-year return | -34.3% | -2.0% |
| 5-year return | -71.7% | +49.2% |
| Volatility (ann.) | 88.7% | 29.8% |
| Beta vs S&P 500 | -0.92 | 1.17 |
| Max drawdown (3Y) | -86.3% | -36.6% |
| Market cap | $0.1B | $30.6B |
| P/E (trailing) | 14.7 | 32.6 |
| Dividend yield | 0.00% | 0.15% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ANNA | IR |
|---|---|---|
| 2022 | – | -15.4% |
| 2023 | +7.3% | +48.2% |
| 2024 | -37.6% | +17.1% |
| 2025 | -57.6% | -12.3% |
| 2026 | -3.0% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and IR good diversifiers for each other?
Yes. With a correlation of -0.15, ANNA and IR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANNA and IR?
The ANNA/IR correlation stands at -0.15 on a 3-year window (1 year: -0.32, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is IR a good diversifier for ANNA?
Yes. With a correlation of -0.15, ANNA and IR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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-ir.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anna-vs-ir/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANNA correlations · IR correlations
