ANNA vs SPY: Correlation
Measured on weekly returns over the past three years, AleAnna, Inc. (ANNA) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and SPY?
On 3 years of weekly data the ANNA/SPY correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.49) runs below the 3-year figure (-0.15). The 5-year figure is -0.11, and annualized covariance runs at -191.5 %².
Among the 103 assets we track against ANNA, SPY ranks #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 54.9 percentage points (-34.3% for ANNA against +20.6% for SPY). Risk is not evenly split, since ANNA carries 6.1 times the volatility of the other side.
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 SPY: side by side
| ANNA (AleAnna, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -34.3% | +20.6% |
| 5-year return | -71.7% | +82.4% |
| Volatility (ann.) | 88.7% | 14.5% |
| Beta vs S&P 500 | -0.92 | 1.00 |
| Max drawdown (3Y) | -86.3% | -18.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | ANNA | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | +7.3% | +26.2% |
| 2024 | -37.6% | +24.9% |
| 2025 | -57.6% | +17.7% |
| 2026 | -3.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and SPY good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANNA and SPY?
As of 2026-08-27, the correlation of weekly returns between ANNA and SPY is -0.15 over 3 years, -0.49 over 1 year and -0.11 over 5 years.
Is SPY a good diversifier for ANNA?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 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 · SPY correlations
