ALMS vs BAC: Correlation
Measured on weekly returns over the past three years, Alumis Inc. (ALMS) and Bank of America (BAC) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and BAC?
On 3 years of weekly data the ALMS/BAC correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.26 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -890.3 %².
Within ALMS's tracked universe of 92 assets, BAC comes in at #68 by 3-year correlation. The last year tells two different stories: ALMS led by 347.6 percentage points, +371.7% for ALMS against +24.1% for BAC. Note the risk asymmetry: ALMS runs 4.9 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 BAC: side by side
| ALMS (Alumis Inc.) | BAC (Bank of America) | |
|---|---|---|
| 1-year return | +371.7% | +24.1% |
| 5-year return | n/a | +66.0% |
| Volatility (ann.) | 130.0% | 26.5% |
| Beta vs S&P 500 | -1.50 | 1.11 |
| Max drawdown (3Y) | -78.9% | -27.5% |
| Market cap | $3.0B | $427.7B |
| P/E (trailing) | – | 14.1 |
| Dividend yield | 0.00% | 1.80% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ALMS | BAC |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | +4.8% |
| 2024 | – | +33.9% |
| 2025 | +24.2% | +28.0% |
| 2026 | +137.8% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and BAC good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALMS and BAC?
As of 2026-08-27, the correlation of weekly returns between ALMS and BAC is -0.26 over 3 years, -0.04 over 1 year and n/a over 5 years.
Is BAC a good diversifier for ALMS?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/alms-vs-bac.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alms-vs-bac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALMS correlations · BAC correlations
