AIG vs ALMS: Correlation
American International Group (AIG) and Alumis Inc. (ALMS) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIG and ALMS?
On 3 years of weekly data the AIG/ALMS correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.35) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -776.2 %².
Out of 28 assets tracked against AIG, ALMS lands near the bottom at #26. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 376.3 percentage points (-4.6% for AIG against +371.7% for ALMS). Risk is not evenly split, since ALMS carries 6.5 times the volatility of the other side.
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.
AIG vs ALMS: side by side
| AIG (American International Group) | ALMS (Alumis Inc.) | |
|---|---|---|
| 1-year return | -4.6% | +371.7% |
| 5-year return | +58.9% | n/a |
| Volatility (ann.) | 20.1% | 130.0% |
| Beta vs S&P 500 | 0.46 | -1.50 |
| Max drawdown (3Y) | -17.0% | -78.9% |
| Market cap | $40.1B | $3.0B |
| P/E (trailing) | 14.0 | – |
| Dividend yield | 2.40% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIG | ALMS |
|---|---|---|
| 2022 | +13.8% | – |
| 2023 | +9.8% | – |
| 2024 | +9.8% | – |
| 2025 | +20.0% | +24.2% |
| 2026 | -9.3% | +137.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIG and ALMS good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AIG and ALMS?
As of 2026-08-27, the correlation of weekly returns between AIG and ALMS is -0.28 over 3 years, -0.35 over 1 year and n/a over 5 years.
Is ALMS a good diversifier for AIG?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 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: AIG correlations · ALMS correlations
