ANNA vs LZM: Correlation
AleAnna, Inc. (ANNA) and Lifezone Metals Limited (LZM) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and LZM?
Over the past 3 years, ANNA and LZM moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.46 versus -0.26 over 3 years. Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -1882.1 %².
By 3-year correlation, LZM places #90 of the 103 assets tracked against ANNA. The last year tells two different stories: LZM led by 31.0 percentage points, -34.3% for ANNA against -3.3% for LZM.
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 LZM: side by side
| ANNA (AleAnna, Inc.) | LZM (Lifezone Metals Limited) | |
|---|---|---|
| 1-year return | -34.3% | -3.3% |
| 5-year return | -71.7% | -55.4% |
| Volatility (ann.) | 88.7% | 81.7% |
| Beta vs S&P 500 | -0.92 | 1.75 |
| Max drawdown (3Y) | -86.3% | -82.0% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANNA | LZM |
|---|---|---|
| 2022 | – | +4.7% |
| 2023 | +7.3% | -12.9% |
| 2024 | -37.6% | -23.1% |
| 2025 | -57.6% | -38.6% |
| 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 LZM good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANNA and LZM?
As of 2026-08-27, the correlation of weekly returns between ANNA and LZM is -0.26 over 3 years, -0.46 over 1 year and -0.25 over 5 years.
Is LZM a good diversifier for ANNA?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/anna-vs-lzm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/anna-vs-lzm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANNA correlations · LZM correlations
