ANNA vs MAA: Correlation
How closely do AleAnna, Inc. (ANNA) and Mid-America Apartment Communities (MAA) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and MAA?
Across a 3-year window, the weekly returns of ANNA and MAA correlate at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.29 versus -0.18 over 3 years. Stretching to 5 years gives -0.13, with an annualized covariance of -318.0 %².
By 3-year correlation, MAA places #43 of the 103 assets tracked against ANNA. Their recent paths diverged sharply: over the last 12 months MAA outperformed by 27.7 percentage points (-34.3% for ANNA against -6.6% for MAA). Note the risk asymmetry: ANNA runs 4.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 MAA: side by side
| ANNA (AleAnna, Inc.) | MAA (Mid-America Apartment Communities) | |
|---|---|---|
| 1-year return | -34.3% | -6.6% |
| 5-year return | -71.7% | -19.3% |
| Volatility (ann.) | 88.7% | 20.3% |
| Beta vs S&P 500 | -0.92 | 0.49 |
| Max drawdown (3Y) | -86.3% | -26.4% |
| Market cap | $0.1B | $15.3B |
| P/E (trailing) | 14.7 | 37.7 |
| Dividend yield | 0.00% | 4.63% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | ANNA | MAA |
|---|---|---|
| 2022 | – | -29.7% |
| 2023 | +7.3% | -11.1% |
| 2024 | -37.6% | +19.9% |
| 2025 | -57.6% | -6.4% |
| 2026 | -3.0% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and MAA good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANNA and MAA?
As of 2026-08-27, the correlation of weekly returns between ANNA and MAA is -0.18 over 3 years, -0.29 over 1 year and -0.13 over 5 years.
Is MAA a good diversifier for ANNA?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ANNA correlations · MAA correlations
