AGM vs ALIT: Correlation
How closely do Federal Agricultural Mortgage Corporation (AGM) and Alight, Inc. (ALIT) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGM and ALIT?
Over the past 3 years, AGM and ALIT moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.39 over 3. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 783.7 %².
Among the 16 assets we track against AGM, ALIT sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with AGM ahead by 92.7 points (+11.4% versus -81.3%). One caveat on sizing: ALIT 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.
AGM vs ALIT: side by side
| AGM (Federal Agricultural Mortgage Corporation) | ALIT (Alight, Inc.) | |
|---|---|---|
| 1-year return | +11.4% | -81.3% |
| 5-year return | +167.7% | -93.1% |
| Volatility (ann.) | 30.2% | 66.0% |
| Beta vs S&P 500 | 0.85 | 1.49 |
| Max drawdown (3Y) | -32.5% | -95.0% |
| Market cap | $2.4B | $0.5B |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 2.84% | 11.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGM | ALIT |
|---|---|---|
| 2022 | -5.8% | -22.7% |
| 2023 | +74.6% | +2.0% |
| 2024 | +6.1% | -18.5% |
| 2025 | -8.0% | -70.6% |
| 2026 | +29.3% | -63.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGM and ALIT good diversifiers for each other?
Reasonably. At 0.39, AGM and ALIT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AGM and ALIT?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.40 over the last year and 0.37 over 5 years.
Is ALIT a good diversifier for AGM?
Reasonably. At 0.39, AGM and ALIT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AGM correlations · ALIT correlations
