ALGS vs SPY: Correlation
Aligos Therapeutics, Inc. (ALGS) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALGS and SPY?
On 3 years of weekly data the ALGS/SPY correlation comes out at 0.21, weak. The relationship has been stable: the 1-year correlation (0.16) sits close to the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 350.6 %².
SPY is close to the least connected end of ALGS's tracked universe, ranking #7 of 11. Correlation aside, the last 12 months split them widely, with SPY ahead by 58.2 points (-37.6% versus +20.6%). Risk is not evenly split, since ALGS carries 7.9 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.
ALGS vs SPY: side by side
| ALGS (Aligos Therapeutics, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -37.6% | +20.6% |
| 5-year return | -98.3% | +82.4% |
| Volatility (ann.) | 114.1% | 14.5% |
| Beta vs S&P 500 | 1.68 | 1.00 |
| Max drawdown (3Y) | -91.3% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | ALGS | SPY |
|---|---|---|
| 2022 | -92.0% | -18.2% |
| 2023 | -30.3% | +26.2% |
| 2024 | +140.0% | +24.9% |
| 2025 | -76.6% | +17.7% |
| 2026 | -24.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGS and SPY good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALGS and SPY?
The ALGS/SPY correlation stands at 0.21 on a 3-year window (1 year: 0.16, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for ALGS?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/algs-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/algs-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALGS correlations · SPY correlations
