ALMS vs JPM: Correlation
How closely do Alumis Inc. (ALMS) and JPMorgan Chase (JPM) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and JPM?
Over the past 3 years, ALMS and JPM moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.00) runs above the 3-year figure (-0.21). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -656.8 %².
By 3-year correlation, JPM places #46 of the 92 assets tracked against ALMS. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 351.1 percentage points (+371.7% for ALMS against +20.6% for JPM). Note the risk asymmetry: ALMS runs 5.6 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 JPM: side by side
| ALMS (Alumis Inc.) | JPM (JPMorgan Chase) | |
|---|---|---|
| 1-year return | +371.7% | +20.6% |
| 5-year return | n/a | +150.2% |
| Volatility (ann.) | 130.0% | 23.2% |
| Beta vs S&P 500 | -1.50 | 1.01 |
| Max drawdown (3Y) | -78.9% | -24.4% |
| Market cap | $3.0B | $941.6B |
| P/E (trailing) | – | 15.2 |
| Dividend yield | 0.00% | 1.68% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ALMS | JPM |
|---|---|---|
| 2022 | – | -12.6% |
| 2023 | – | +30.6% |
| 2024 | – | +44.3% |
| 2025 | +24.2% | +37.3% |
| 2026 | +137.8% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and JPM good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALMS and JPM?
As of 2026-08-27, the correlation of weekly returns between ALMS and JPM is -0.21 over 3 years, -0.00 over 1 year and n/a over 5 years.
Is JPM a good diversifier for ALMS?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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-jpm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alms-vs-jpm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALMS correlations · JPM correlations
