ANNA vs LUV: Correlation
AleAnna, Inc. (ANNA) and Southwest Airlines (LUV) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and LUV?
Across a 3-year window, the weekly returns of ANNA and LUV correlate at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.24 over 3 years. Stretching to 5 years gives -0.21, with an annualized covariance of -873.0 %².
Within ANNA's tracked universe of 103 assets, LUV comes in at #83 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LUV outperformed by 56.3 percentage points (-34.3% for ANNA against +22.0% for LUV). Risk is not evenly split, since ANNA carries 2.2 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 LUV: side by side
| ANNA (AleAnna, Inc.) | LUV (Southwest Airlines) | |
|---|---|---|
| 1-year return | -34.3% | +22.0% |
| 5-year return | -71.7% | -12.3% |
| Volatility (ann.) | 88.7% | 40.5% |
| Beta vs S&P 500 | -0.92 | 1.11 |
| Max drawdown (3Y) | -86.3% | -33.5% |
| Market cap | $0.1B | $19.5B |
| P/E (trailing) | 14.7 | 25.5 |
| Dividend yield | 0.00% | 1.77% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ANNA | LUV |
|---|---|---|
| 2022 | – | -21.4% |
| 2023 | +7.3% | -11.8% |
| 2024 | -37.6% | +19.1% |
| 2025 | -57.6% | +25.6% |
| 2026 | -3.0% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and LUV good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANNA and LUV?
As of 2026-08-27, the correlation of weekly returns between ANNA and LUV is -0.24 over 3 years, -0.34 over 1 year and -0.21 over 5 years.
Is LUV a good diversifier for ANNA?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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-luv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anna-vs-luv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANNA correlations · LUV correlations
