ALIT vs FDUS: Correlation
Alight, Inc. (ALIT) and Fidus Investment Corporation - Closed End Fund (FDUS) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALIT and FDUS?
Over the past 3 years, ALIT and FDUS moved with a correlation of 0.38, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.38 over 3. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 444.1 %².
Among the 12 assets we track against ALIT, FDUS ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FDUS outperformed by 85.0 percentage points (-81.3% for ALIT against +3.7% for FDUS). One caveat on sizing: ALIT is 3.8 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.
ALIT vs FDUS: side by side
| ALIT (Alight, Inc.) | FDUS (Fidus Investment Corporation - Closed End Fund) | |
|---|---|---|
| 1-year return | -81.3% | +3.7% |
| 5-year return | -93.1% | +100.3% |
| Volatility (ann.) | 66.0% | 17.5% |
| Beta vs S&P 500 | 1.49 | 0.57 |
| Max drawdown (3Y) | -95.0% | -23.9% |
| Market cap | $0.5B | $0.7B |
| P/E (trailing) | – | 9.5 |
| Dividend yield | 11.17% | 8.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALIT | FDUS |
|---|---|---|
| 2022 | -22.7% | +17.1% |
| 2023 | +2.0% | +20.0% |
| 2024 | -18.5% | +20.5% |
| 2025 | -70.6% | +2.1% |
| 2026 | -63.6% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALIT and FDUS good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALIT and FDUS?
As of 2026-08-27, the correlation of weekly returns between ALIT and FDUS is 0.38 over 3 years, 0.43 over 1 year and 0.39 over 5 years.
Is FDUS a good diversifier for ALIT?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alit-vs-fdus.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alit-vs-fdus/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALIT correlations · FDUS correlations
