ANNA vs SPYV: Correlation
Measured on weekly returns over the past three years, AleAnna, Inc. (ANNA) and SPDR Portfolio S&P 500 Value ETF (SPYV) carry a correlation of -0.13, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and SPYV?
Across a 3-year window, the weekly returns of ANNA and SPYV correlate at -0.13, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.13). Stretching to 5 years gives -0.09, with an annualized covariance of -139.2 %².
By 3-year correlation, SPYV places #9 of the 103 assets tracked against ANNA. Correlation aside, the last 12 months split them widely, with SPYV ahead by 52.8 points (-34.3% versus +18.5%). Note the risk asymmetry: ANNA runs 7.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SPYV: side by side
| ANNA (AleAnna, Inc.) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | -34.3% | +18.5% |
| 5-year return | -71.7% | +73.5% |
| Volatility (ann.) | 88.7% | 12.1% |
| Beta vs S&P 500 | -0.92 | 0.70 |
| Max drawdown (3Y) | -86.3% | -17.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | US Listed | ETF · US Style |
SPYV, State Street Investment Management's Large Value fund, carries $36.2B under management, 438 holdings, a 0.04% expense ratio, a 1.69% trailing dividend yield.
Year-by-year returns
| Year | ANNA | SPYV |
|---|---|---|
| 2022 | – | -5.3% |
| 2023 | +7.3% | +22.2% |
| 2024 | -37.6% | +12.2% |
| 2025 | -57.6% | +13.2% |
| 2026 | -3.0% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and SPYV good diversifiers for each other?
Yes: at -0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANNA and SPYV?
As of 2026-08-27, the correlation of weekly returns between ANNA and SPYV is -0.13 over 3 years, -0.48 over 1 year and -0.09 over 5 years.
Is SPYV a good diversifier for ANNA?
Yes: at -0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.13 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/anna-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/anna-vs-spyv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANNA correlations · SPYV correlations
