ANNA vs UCAR: Correlation
How closely do AleAnna, Inc. (ANNA) and U Power Limited - Class A (UCAR) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and UCAR?
Across a 3-year window, the weekly returns of ANNA and UCAR correlate at -0.31, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.47) runs below the 3-year figure (-0.31). Stretching to 5 years gives n/a, with an annualized covariance of -5129.4 %².
Out of 103 assets tracked against ANNA, UCAR lands near the bottom at #100. The last year tells two different stories: ANNA led by 62.6 percentage points, -34.3% for ANNA against -96.9% for UCAR. Note the risk asymmetry: UCAR runs 2.1 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 UCAR: side by side
| ANNA (AleAnna, Inc.) | UCAR (U Power Limited - Class A) | |
|---|---|---|
| 1-year return | -34.3% | -96.9% |
| 5-year return | -71.7% | n/a |
| Volatility (ann.) | 88.7% | 186.9% |
| Beta vs S&P 500 | -0.92 | 2.54 |
| Max drawdown (3Y) | -86.3% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANNA | UCAR |
|---|---|---|
| 2023 | +7.3% | – |
| 2024 | -37.6% | -64.0% |
| 2025 | -57.6% | -77.1% |
| 2026 | -3.0% | -95.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and UCAR good diversifiers for each other?
Yes. With a correlation of -0.31, ANNA and UCAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANNA and UCAR?
The ANNA/UCAR correlation stands at -0.31 on a 3-year window (1 year: -0.47, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UCAR a good diversifier for ANNA?
Yes. With a correlation of -0.31, ANNA and UCAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 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-ucar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/anna-vs-ucar/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANNA correlations · UCAR correlations
