ANNA vs SW: Correlation
How closely do AleAnna, Inc. (ANNA) and Smurfit Westrock (SW) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and SW?
On 3 years of weekly data the ANNA/SW correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.16 over 3 years. The 5-year figure is -0.12, and annualized covariance runs at -559.7 %².
Among the 103 assets we track against ANNA, SW ranks #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SW outperformed by 44.0 percentage points (-34.3% for ANNA against +9.7% for SW). One caveat on sizing: ANNA is 2.2 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 SW: side by side
| ANNA (AleAnna, Inc.) | SW (Smurfit Westrock) | |
|---|---|---|
| 1-year return | -34.3% | +9.7% |
| 5-year return | -71.7% | +2.6% |
| Volatility (ann.) | 88.7% | 40.1% |
| Beta vs S&P 500 | -0.92 | 0.92 |
| Max drawdown (3Y) | -86.3% | -40.5% |
| Market cap | $0.1B | $25.5B |
| P/E (trailing) | 14.7 | 51.7 |
| Dividend yield | 0.00% | 3.57% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ANNA | SW |
|---|---|---|
| 2022 | – | -28.0% |
| 2023 | +7.3% | +14.1% |
| 2024 | -37.6% | +37.6% |
| 2025 | -57.6% | -26.2% |
| 2026 | -3.0% | +29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and SW good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANNA and SW?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.33 over the last year and -0.12 over 5 years.
Is SW a good diversifier for ANNA?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
A reading of -0.16 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-sw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anna-vs-sw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANNA correlations · SW correlations
