ANNA vs PPG: Correlation
AleAnna, Inc. (ANNA) and PPG Industries (PPG) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and PPG?
Over the past 3 years, ANNA and PPG moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.44 versus -0.23 over 3 years. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -527.7 %².
Within ANNA's tracked universe of 103 assets, PPG comes in at #75 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PPG ahead by 38.1 points (-34.3% versus +3.8%). One caveat on sizing: ANNA is 3.5 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 PPG: side by side
| ANNA (AleAnna, Inc.) | PPG (PPG Industries) | |
|---|---|---|
| 1-year return | -34.3% | +3.8% |
| 5-year return | -71.7% | -22.0% |
| Volatility (ann.) | 88.7% | 25.5% |
| Beta vs S&P 500 | -0.92 | 0.90 |
| Max drawdown (3Y) | -86.3% | -37.4% |
| Market cap | $0.1B | $25.2B |
| P/E (trailing) | 14.7 | 16.4 |
| Dividend yield | 0.00% | 2.48% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ANNA | PPG |
|---|---|---|
| 2022 | – | -25.7% |
| 2023 | +7.3% | +21.2% |
| 2024 | -37.6% | -18.5% |
| 2025 | -57.6% | -12.0% |
| 2026 | -3.0% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and PPG good diversifiers for each other?
Yes. With a correlation of -0.23, ANNA and PPG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANNA and PPG?
As of 2026-08-27, the correlation of weekly returns between ANNA and PPG is -0.23 over 3 years, -0.44 over 1 year and -0.18 over 5 years.
Is PPG a good diversifier for ANNA?
Yes. With a correlation of -0.23, ANNA and PPG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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-ppg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/anna-vs-ppg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANNA correlations · PPG correlations
