ANNA vs NEXT: Correlation
Measured on weekly returns over the past three years, AleAnna, Inc. (ANNA) and NextDecade Corporation (NEXT) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and NEXT?
Over the past 3 years, ANNA and NEXT moved with a correlation of 0.31, which is moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.31). Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 1788.3 %².
By 3-year correlation, NEXT places #5 of the 103 assets tracked against ANNA. Their 12-month results are close: -34.3% for ANNA against -29.9% for NEXT.
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 NEXT: side by side
| ANNA (AleAnna, Inc.) | NEXT (NextDecade Corporation) | |
|---|---|---|
| 1-year return | -34.3% | -29.9% |
| 5-year return | -71.7% | +136.2% |
| Volatility (ann.) | 88.7% | 64.4% |
| Beta vs S&P 500 | -0.92 | 0.79 |
| Max drawdown (3Y) | -86.3% | -60.0% |
| Market cap | $0.1B | $2.0B |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANNA | NEXT |
|---|---|---|
| 2022 | – | +73.3% |
| 2023 | +7.3% | -3.4% |
| 2024 | -37.6% | +61.6% |
| 2025 | -57.6% | -31.6% |
| 2026 | -3.0% | +41.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and NEXT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ANNA and NEXT?
The ANNA/NEXT correlation stands at 0.31 on a 3-year window (1 year: 0.52, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is NEXT a good diversifier for ANNA?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 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-next.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anna-vs-next/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANNA correlations · NEXT correlations
