ALLO vs LYEL: Correlation
How closely do Allogene Therapeutics, Inc. (ALLO) and Lyell Immunopharma, Inc. (LYEL) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLO and LYEL?
Across a 3-year window, the weekly returns of ALLO and LYEL correlate at 0.46, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.28 versus 0.46 over 3 years. Stretching to 5 years gives 0.43, with an annualized covariance of 3792.9 %².
By 3-year correlation, LYEL places #11 of the 21 assets tracked against ALLO. The last year tells two different stories: ALLO led by 50.7 percentage points, +80.2% for ALLO against +29.5% for LYEL.
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.
ALLO vs LYEL: side by side
| ALLO (Allogene Therapeutics, Inc.) | LYEL (Lyell Immunopharma, Inc.) | |
|---|---|---|
| 1-year return | +80.2% | +29.5% |
| 5-year return | -91.3% | -95.4% |
| Volatility (ann.) | 83.3% | 99.9% |
| Beta vs S&P 500 | 1.96 | 2.09 |
| Max drawdown (3Y) | -83.1% | -87.3% |
| Market cap | $0.7B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLO | LYEL |
|---|---|---|
| 2022 | -57.8% | -55.2% |
| 2023 | -49.0% | -44.1% |
| 2024 | -33.6% | -67.0% |
| 2025 | -35.7% | +140.5% |
| 2026 | +52.6% | -52.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLO and LYEL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALLO and LYEL?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.28 over the last year and 0.43 over 5 years.
Is LYEL a good diversifier for ALLO?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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
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Related comparisons
Hubs: ALLO correlations · LYEL correlations
