ANNA vs XLB: Correlation
Measured on weekly returns over the past three years, AleAnna, Inc. (ANNA) and Materials Select Sector SPDR Fund (XLB) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and XLB?
Over the past 3 years, ANNA and XLB moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.41) runs below the 3-year figure (-0.16). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -233.8 %².
Within ANNA's tracked universe of 103 assets, XLB comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months XLB outperformed by 51.9 percentage points (-34.3% for ANNA against +17.6% for XLB). One caveat on sizing: ANNA is 5.3 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 XLB: side by side
| ANNA (AleAnna, Inc.) | XLB (Materials Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -34.3% | +17.6% |
| 5-year return | -71.7% | +36.9% |
| Volatility (ann.) | 88.7% | 16.7% |
| Beta vs S&P 500 | -0.92 | 0.72 |
| Max drawdown (3Y) | -86.3% | -23.2% |
| Market cap | $0.1B | – |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 1.68% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $8.3B |
| Sector / category | US Listed | Sector ETF |
XLB is a Natural Resources fund from State Street Investment Management: $8.3B under management, 26 holdings, a 0.08% expense ratio, a 1.68% trailing dividend yield.
Year-by-year returns
| Year | ANNA | XLB |
|---|---|---|
| 2022 | – | -12.3% |
| 2023 | +7.3% | +12.5% |
| 2024 | -37.6% | +0.1% |
| 2025 | -57.6% | +9.9% |
| 2026 | -3.0% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and XLB good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANNA and XLB?
As of 2026-08-27, the correlation of weekly returns between ANNA and XLB is -0.16 over 3 years, -0.41 over 1 year and -0.11 over 5 years.
Is XLB a good diversifier for ANNA?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
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-xlb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/anna-vs-xlb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANNA correlations · XLB correlations
