ALLE vs MLEC: Correlation
Allegion (ALLE) and Moolec Science SA (MLEC) 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 ALLE and MLEC?
On 3 years of weekly data the ALLE/MLEC correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.20 over 3. The 5-year figure is -0.11, and annualized covariance runs at -501.5 %².
By 3-year correlation, MLEC places #28 of the 33 assets tracked against ALLE. Correlation aside, the last 12 months split them widely, with ALLE ahead by 57.9 points (-6.4% versus -64.3%). Note the risk asymmetry: MLEC runs 4.3 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.
ALLE vs MLEC: side by side
| ALLE (Allegion) | MLEC (Moolec Science SA) | |
|---|---|---|
| 1-year return | -6.4% | -64.3% |
| 5-year return | +19.4% | -99.5% |
| Volatility (ann.) | 24.3% | 104.4% |
| Beta vs S&P 500 | 0.60 | -0.21 |
| Max drawdown (3Y) | -29.8% | -99.3% |
| Market cap | $13.6B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 1.32% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ALLE | MLEC |
|---|---|---|
| 2022 | -19.3% | +22.7% |
| 2023 | +22.3% | -79.7% |
| 2024 | +4.7% | -67.5% |
| 2025 | +22.8% | -96.8% |
| 2026 | +1.1% | +78.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLE and MLEC 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 ALLE and MLEC?
The ALLE/MLEC correlation stands at -0.20 on a 3-year window (1 year: -0.26, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is MLEC a good diversifier for ALLE?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alle-vs-mlec.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alle-vs-mlec/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALLE correlations · MLEC correlations
