ALIT vs MLEC: Correlation
Measured on weekly returns over the past three years, Alight, Inc. (ALIT) and Moolec Science SA (MLEC) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALIT and MLEC?
Over the past 3 years, ALIT and MLEC moved with a correlation of -0.27, which is 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. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -1863.7 %².
Out of 12 assets tracked against ALIT, MLEC lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with MLEC ahead by 17.0 points (-81.3% versus -64.3%). Note the risk asymmetry: MLEC runs 1.6 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.
ALIT vs MLEC: side by side
| ALIT (Alight, Inc.) | MLEC (Moolec Science SA) | |
|---|---|---|
| 1-year return | -81.3% | -64.3% |
| 5-year return | -93.1% | -99.5% |
| Volatility (ann.) | 66.0% | 104.4% |
| Beta vs S&P 500 | 1.49 | -0.21 |
| Max drawdown (3Y) | -95.0% | -99.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 11.17% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALIT | MLEC |
|---|---|---|
| 2022 | -22.7% | +22.7% |
| 2023 | +2.0% | -79.7% |
| 2024 | -18.5% | -67.5% |
| 2025 | -70.6% | -96.8% |
| 2026 | -63.6% | +78.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALIT and MLEC good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALIT and MLEC?
As of 2026-08-27, the correlation of weekly returns between ALIT and MLEC is -0.27 over 3 years, -0.35 over 1 year and -0.19 over 5 years.
Is MLEC a good diversifier for ALIT?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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-mlec.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alit-vs-mlec/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALIT correlations · MLEC correlations
