ALIT vs TENB: Correlation
Measured on weekly returns over the past three years, Alight, Inc. (ALIT) and Tenable Holdings, Inc. (TENB) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALIT and TENB?
On 3 years of weekly data the ALIT/TENB correlation comes out at 0.40, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.40 over 3. The 5-year figure is 0.39, and annualized covariance runs at 1091.5 %².
Within ALIT's tracked universe of 12 assets, TENB comes in at #4 by 3-year correlation. The last year tells two different stories: TENB led by 104.3 percentage points, -81.3% for ALIT against +23.0% for TENB. Note the risk asymmetry: ALIT 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 TENB: side by side
| ALIT (Alight, Inc.) | TENB (Tenable Holdings, Inc.) | |
|---|---|---|
| 1-year return | -81.3% | +23.0% |
| 5-year return | -93.1% | -16.1% |
| Volatility (ann.) | 66.0% | 41.5% |
| Beta vs S&P 500 | 1.49 | 1.04 |
| Max drawdown (3Y) | -95.0% | -69.1% |
| Market cap | $0.5B | $4.1B |
| P/E (trailing) | – | 537.4 |
| Dividend yield | 11.17% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALIT | TENB |
|---|---|---|
| 2022 | -22.7% | -30.7% |
| 2023 | +2.0% | +20.7% |
| 2024 | -18.5% | -14.5% |
| 2025 | -70.6% | -40.2% |
| 2026 | -63.6% | +59.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALIT and TENB good diversifiers for each other?
Reasonably. At 0.40, ALIT and TENB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALIT and TENB?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.43 over the last year and 0.39 over 5 years.
Is TENB a good diversifier for ALIT?
Reasonably. At 0.40, ALIT and TENB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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/alit-vs-tenb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alit-vs-tenb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALIT correlations · TENB correlations
