ALMS vs BNY: Correlation
Measured on weekly returns over the past three years, Alumis Inc. (ALMS) and BNY Mellon (BNY) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and BNY?
On 3 years of weekly data the ALMS/BNY correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.03 versus -0.15 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -411.8 %².
Within ALMS's tracked universe of 92 assets, BNY comes in at #15 by 3-year correlation. The last year tells two different stories: ALMS led by 314.5 percentage points, +371.7% for ALMS against +57.2% for BNY. Risk is not evenly split, since ALMS carries 6.4 times the volatility of the other side.
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 BNY: side by side
| ALMS (Alumis Inc.) | BNY (BNY Mellon) | |
|---|---|---|
| 1-year return | +371.7% | +57.2% |
| 5-year return | n/a | +236.7% |
| Volatility (ann.) | 130.0% | 20.2% |
| Beta vs S&P 500 | -1.50 | 0.89 |
| Max drawdown (3Y) | -78.9% | -17.6% |
| Market cap | $3.0B | $110.1B |
| P/E (trailing) | – | 19.0 |
| Dividend yield | 0.00% | 1.30% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ALMS | BNY |
|---|---|---|
| 2022 | – | -19.1% |
| 2023 | – | +18.5% |
| 2024 | – | +51.9% |
| 2025 | +24.2% | +54.4% |
| 2026 | +137.8% | +41.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and BNY good diversifiers for each other?
Yes. With a correlation of -0.15, ALMS and BNY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALMS and BNY?
Using weekly returns as of 2026-08-27: -0.15 over 3 years, with 0.03 over the last year and n/a over 5 years.
Is BNY a good diversifier for ALMS?
Yes. With a correlation of -0.15, ALMS and BNY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
A reading of -0.15 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/alms-vs-bny.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alms-vs-bny/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALMS correlations · BNY correlations
