ALMS vs EFA: Correlation
How closely do Alumis Inc. (ALMS) and iShares MSCI EAFE ETF (EFA) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and EFA?
Over the past 3 years, ALMS and EFA moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.11) runs above the 3-year figure (-0.17). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -349.9 %².
By 3-year correlation, EFA places #26 of the 92 assets tracked against ALMS. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 349.8 percentage points (+371.7% for ALMS against +21.9% for EFA). One caveat on sizing: ALMS is 8.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 EFA: side by side
| ALMS (Alumis Inc.) | EFA (iShares MSCI EAFE ETF) | |
|---|---|---|
| 1-year return | +371.7% | +21.9% |
| 5-year return | n/a | +56.7% |
| Volatility (ann.) | 130.0% | 14.9% |
| Beta vs S&P 500 | -1.50 | 0.77 |
| Max drawdown (3Y) | -78.9% | -14.1% |
| Market cap | $3.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 3.19% |
| Expense ratio | – | 0.32% |
| Assets under management | – | $78.0B |
| Sector / category | US Listed | ETF · International |
EFA is a Foreign Large Blend fund from iShares: $78.0B under management, 666 holdings, a 0.32% expense ratio, a 3.19% trailing dividend yield.
Year-by-year returns
| Year | ALMS | EFA |
|---|---|---|
| 2022 | – | -14.4% |
| 2023 | – | +18.4% |
| 2024 | – | +3.5% |
| 2025 | +24.2% | +31.5% |
| 2026 | +137.8% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and EFA good diversifiers for each other?
Yes. With a correlation of -0.17, ALMS and EFA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALMS and EFA?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with 0.11 over the last year and n/a over 5 years.
Is EFA a good diversifier for ALMS?
Yes. With a correlation of -0.17, ALMS and EFA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
A reading of -0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ALMS correlations · EFA correlations
