ALMS vs ARKK: Correlation
How closely do Alumis Inc. (ALMS) and ARK Innovation ETF (ARKK) trade together? Their weekly returns over three years give a correlation of -0.12, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and ARKK?
Across a 3-year window, the weekly returns of ALMS and ARKK correlate at -0.12, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.05 versus -0.12 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -630.3 %².
By 3-year correlation, ARKK places #11 of the 92 assets tracked against ALMS. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 356.0 percentage points (+371.7% for ALMS against +15.7% for ARKK). Note the risk asymmetry: ALMS runs 3.4 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.
ALMS vs ARKK: side by side
| ALMS (Alumis Inc.) | ARKK (ARK Innovation ETF) | |
|---|---|---|
| 1-year return | +371.7% | +15.7% |
| 5-year return | n/a | -27.7% |
| Volatility (ann.) | 130.0% | 38.8% |
| Beta vs S&P 500 | -1.50 | 2.07 |
| Max drawdown (3Y) | -78.9% | -39.6% |
| Market cap | $3.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | ALMS | ARKK |
|---|---|---|
| 2022 | – | -67.0% |
| 2023 | – | +69.0% |
| 2024 | – | +8.4% |
| 2025 | +24.2% | +35.5% |
| 2026 | +137.8% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and ARKK good diversifiers for each other?
Yes: at -0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALMS and ARKK?
As of 2026-08-27, the correlation of weekly returns between ALMS and ARKK is -0.12 over 3 years, 0.05 over 1 year and n/a over 5 years.
Is ARKK a good diversifier for ALMS?
Yes: at -0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.12 mean?
On the −1 to +1 scale, -0.12 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.
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Related comparisons
Hubs: ALMS correlations · ARKK correlations
