ANNA vs MMM: Correlation
Measured on weekly returns over the past three years, AleAnna, Inc. (ANNA) and 3M (MMM) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and MMM?
Across a 3-year window, the weekly returns of ANNA and MMM correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.20 over 3 years. Stretching to 5 years gives -0.17, with an annualized covariance of -540.5 %².
Within ANNA's tracked universe of 103 assets, MMM comes in at #57 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MMM ahead by 50.7 points (-34.3% versus +16.4%). 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 MMM: side by side
| ANNA (AleAnna, Inc.) | MMM (3M) | |
|---|---|---|
| 1-year return | -34.3% | +16.4% |
| 5-year return | -71.7% | +29.9% |
| Volatility (ann.) | 88.7% | 29.8% |
| Beta vs S&P 500 | -0.92 | 0.89 |
| Max drawdown (3Y) | -86.3% | -20.7% |
| Market cap | $0.1B | $92.2B |
| P/E (trailing) | 14.7 | 31.9 |
| Dividend yield | 0.00% | 1.68% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ANNA | MMM |
|---|---|---|
| 2022 | – | -29.6% |
| 2023 | +7.3% | -3.3% |
| 2024 | -37.6% | +46.1% |
| 2025 | -57.6% | +26.4% |
| 2026 | -3.0% | +13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and MMM good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANNA and MMM?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.45 over the last year and -0.17 over 5 years.
Is MMM a good diversifier for ANNA?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/anna-vs-mmm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anna-vs-mmm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANNA correlations · MMM correlations
