ALMS vs IVV: Correlation
Alumis Inc. (ALMS) and iShares Core S&P 500 ETF (IVV) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and IVV?
On 3 years of weekly data the ALMS/IVV correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.05) runs above the 3-year figure (-0.16). The 5-year figure is n/a, and annualized covariance runs at -317.4 %².
Within ALMS's tracked universe of 92 assets, IVV comes in at #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALMS ahead by 351.0 points (+371.7% versus +20.7%). Note the risk asymmetry: ALMS runs 9.0 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 IVV: side by side
| ALMS (Alumis Inc.) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | +371.7% | +20.7% |
| 5-year return | n/a | +83.0% |
| Volatility (ann.) | 130.0% | 14.5% |
| Beta vs S&P 500 | -1.50 | 1.00 |
| Max drawdown (3Y) | -78.9% | -18.8% |
| Market cap | $3.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.09% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $869.2B |
| Sector / category | US Listed | ETF · US Large Cap |
IVV is a Large Blend fund from iShares: $869.2B under management, 503 holdings, a 0.03% expense ratio, a 1.09% trailing dividend yield.
Year-by-year returns
| Year | ALMS | IVV |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | – | +26.3% |
| 2024 | – | +24.9% |
| 2025 | +24.2% | +17.8% |
| 2026 | +137.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and IVV good diversifiers for each other?
Yes. With a correlation of -0.16, ALMS and IVV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALMS and IVV?
As of 2026-08-27, the correlation of weekly returns between ALMS and IVV is -0.16 over 3 years, 0.05 over 1 year and n/a over 5 years.
Is IVV a good diversifier for ALMS?
Yes. With a correlation of -0.16, ALMS and IVV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alms-vs-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alms-vs-ivv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALMS correlations · IVV correlations
