AAPL vs ALMS: Correlation
How closely do Apple Inc. (AAPL) and Alumis Inc. (ALMS) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAPL and ALMS?
Across a 3-year window, the weekly returns of AAPL and ALMS correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -784.3 %².
Within AAPL's tracked universe of 32 assets, ALMS comes in at #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 334.7 percentage points (+37.0% for AAPL against +371.7% for ALMS). One caveat on sizing: ALMS is 4.8 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.
AAPL vs ALMS: side by side
| AAPL (Apple Inc.) | ALMS (Alumis Inc.) | |
|---|---|---|
| 1-year return | +37.0% | +371.7% |
| 5-year return | +110.6% | n/a |
| Volatility (ann.) | 27.2% | 130.0% |
| Beta vs S&P 500 | 1.06 | -1.50 |
| Max drawdown (3Y) | -33.4% | -78.9% |
| Market cap | $4,591.0B | $3.0B |
| P/E (trailing) | 36.1 | – |
| Dividend yield | 0.33% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AAPL | ALMS |
|---|---|---|
| 2022 | -26.4% | – |
| 2023 | +49.0% | – |
| 2024 | +30.7% | – |
| 2025 | +9.1% | +24.2% |
| 2026 | +16.0% | +137.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAPL and ALMS good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between AAPL and ALMS?
As of 2026-08-27, the correlation of weekly returns between AAPL and ALMS is -0.21 over 3 years, -0.24 over 1 year and n/a over 5 years.
Is ALMS a good diversifier for AAPL?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AAPL correlations · ALMS correlations
