ALAB vs VZ: Correlation
Astera Labs, Inc. (ALAB) and Verizon (VZ) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALAB and VZ?
On 3 years of weekly data the ALAB/VZ correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.20 over 3. The 5-year figure is n/a, and annualized covariance runs at -383.2 %².
Among the 18 assets we track against ALAB, VZ ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALAB ahead by 50.4 points (+69.7% versus +19.3%). Note the risk asymmetry: ALAB runs 3.7 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.
ALAB vs VZ: side by side
| ALAB (Astera Labs, Inc.) | VZ (Verizon) | |
|---|---|---|
| 1-year return | +69.7% | +19.3% |
| 5-year return | n/a | +23.8% |
| Volatility (ann.) | 84.6% | 22.9% |
| Beta vs S&P 500 | 2.90 | 0.15 |
| Max drawdown (3Y) | -63.7% | -17.0% |
| Market cap | $52.8B | $205.4B |
| P/E (trailing) | 142.8 | 12.9 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | ALAB | VZ |
|---|---|---|
| 2022 | – | -20.0% |
| 2023 | – | +2.7% |
| 2024 | – | +13.1% |
| 2025 | +25.6% | +8.9% |
| 2026 | +82.8% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALAB and VZ good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALAB and VZ?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.28 over the last year and n/a over 5 years.
Is VZ a good diversifier for ALAB?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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: ALAB correlations · VZ correlations
