ANNA vs IWM: Correlation
How closely do AleAnna, Inc. (ANNA) and iShares Russell 2000 ETF (IWM) trade together? Their weekly returns over three years give a correlation of -0.13, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and IWM?
On 3 years of weekly data the ANNA/IWM correlation comes out at -0.13, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.44 versus -0.13 over 3 years. The 5-year figure is -0.10, and annualized covariance runs at -233.6 %².
Within ANNA's tracked universe of 103 assets, IWM comes in at #8 by 3-year correlation. The last year tells two different stories: IWM led by 62.7 percentage points, -34.3% for ANNA against +28.4% for IWM. Risk is not evenly split, since ANNA carries 4.5 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 IWM: side by side
| ANNA (AleAnna, Inc.) | IWM (iShares Russell 2000 ETF) | |
|---|---|---|
| 1-year return | -34.3% | +28.4% |
| 5-year return | -71.7% | +41.5% |
| Volatility (ann.) | 88.7% | 19.8% |
| Beta vs S&P 500 | -0.92 | 1.06 |
| Max drawdown (3Y) | -86.3% | -27.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 0.91% |
| Expense ratio | – | 0.19% |
| Assets under management | – | $80.1B |
| Sector / category | US Listed | ETF · US Small & Mid Cap |
IWM, iShares's Small Blend fund, carries $80.1B under management, 1757 holdings, a 0.19% expense ratio, a 0.91% trailing dividend yield.
Year-by-year returns
| Year | ANNA | IWM |
|---|---|---|
| 2022 | – | -20.5% |
| 2023 | +7.3% | +16.8% |
| 2024 | -37.6% | +11.4% |
| 2025 | -57.6% | +12.7% |
| 2026 | -3.0% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and IWM good diversifiers for each other?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANNA and IWM?
Using weekly returns as of 2026-08-27: -0.13 over 3 years, with -0.44 over the last year and -0.10 over 5 years.
Is IWM a good diversifier for ANNA?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
What does a correlation of -0.13 mean?
On the −1 to +1 scale, -0.13 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-iwm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anna-vs-iwm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANNA correlations · IWM correlations
