ANNA vs RSP: Correlation
AleAnna, Inc. (ANNA) and Invesco S&P 500 Equal Weight ETF (RSP) show a negative relationship: their 3-year correlation of weekly returns is -0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and RSP?
On 3 years of weekly data the ANNA/RSP correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.49) than the 3-year average (-0.14). The 5-year figure is -0.09, and annualized covariance runs at -159.3 %².
Among the 103 assets we track against ANNA, RSP ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RSP outperformed by 53.5 percentage points (-34.3% for ANNA against +19.2% for RSP). One caveat on sizing: ANNA is 6.7 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 RSP: side by side
| ANNA (AleAnna, Inc.) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | -34.3% | +19.2% |
| 5-year return | -71.7% | +53.9% |
| Volatility (ann.) | 88.7% | 13.2% |
| Beta vs S&P 500 | -0.92 | 0.77 |
| Max drawdown (3Y) | -86.3% | -17.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | US Listed | ETF · US Large Cap |
On the fund side, RSP sits in the Large Blend category at Invesco, with $97.3B under management, 505 holdings, a 0.20% expense ratio, a 1.49% trailing dividend yield.
Year-by-year returns
| Year | ANNA | RSP |
|---|---|---|
| 2022 | – | -11.6% |
| 2023 | +7.3% | +13.7% |
| 2024 | -37.6% | +12.8% |
| 2025 | -57.6% | +11.2% |
| 2026 | -3.0% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and RSP good diversifiers for each other?
Yes. With a correlation of -0.14, ANNA and RSP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANNA and RSP?
As of 2026-08-27, the correlation of weekly returns between ANNA and RSP is -0.14 over 3 years, -0.49 over 1 year and -0.09 over 5 years.
Is RSP a good diversifier for ANNA?
Yes. With a correlation of -0.14, ANNA and RSP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.14 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.
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Related comparisons
Hubs: ANNA correlations · RSP correlations
