ANNA vs TLRY: Correlation
How closely do AleAnna, Inc. (ANNA) and Tilray Brands, Inc. (TLRY) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and TLRY?
Over the past 3 years, ANNA and TLRY moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.19 over 3. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -1493.5 %².
Among the 103 assets we track against ANNA, TLRY ranks #50 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ANNA outperformed by 32.3 percentage points (-34.3% for ANNA against -66.6% for TLRY).
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 TLRY: side by side
| ANNA (AleAnna, Inc.) | TLRY (Tilray Brands, Inc.) | |
|---|---|---|
| 1-year return | -34.3% | -66.6% |
| 5-year return | -71.7% | -96.5% |
| Volatility (ann.) | 88.7% | 86.6% |
| Beta vs S&P 500 | -0.92 | 1.37 |
| Max drawdown (3Y) | -86.3% | -89.1% |
| Market cap | $0.1B | $0.6B |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANNA | TLRY |
|---|---|---|
| 2022 | – | -61.7% |
| 2023 | +7.3% | -14.5% |
| 2024 | -37.6% | -42.2% |
| 2025 | -57.6% | -32.1% |
| 2026 | -3.0% | -49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and TLRY good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANNA and TLRY?
As of 2026-08-27, the correlation of weekly returns between ANNA and TLRY is -0.19 over 3 years, -0.20 over 1 year and -0.16 over 5 years.
Is TLRY a good diversifier for ANNA?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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-tlry.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/anna-vs-tlry/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANNA correlations · TLRY correlations
