ALMS vs NRG: Correlation
Alumis Inc. (ALMS) and NRG Energy (NRG) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and NRG?
On 3 years of weekly data the ALMS/NRG correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.25 over 3. The 5-year figure is n/a, and annualized covariance runs at -1571.3 %².
By 3-year correlation, NRG places #66 of the 92 assets tracked against ALMS. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 393.5 percentage points (+371.7% for ALMS against -21.8% for NRG). Note the risk asymmetry: ALMS runs 2.9 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 NRG: side by side
| ALMS (Alumis Inc.) | NRG (NRG Energy) | |
|---|---|---|
| 1-year return | +371.7% | -21.8% |
| 5-year return | n/a | +191.5% |
| Volatility (ann.) | 130.0% | 44.4% |
| Beta vs S&P 500 | -1.50 | 1.30 |
| Max drawdown (3Y) | -78.9% | -38.9% |
| Market cap | $3.0B | $24.1B |
| P/E (trailing) | – | 30.2 |
| Dividend yield | 0.00% | 1.61% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | ALMS | NRG |
|---|---|---|
| 2022 | – | -23.5% |
| 2023 | – | +69.4% |
| 2024 | – | +78.6% |
| 2025 | +24.2% | +78.9% |
| 2026 | +137.8% | -27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and NRG good diversifiers for each other?
Yes. With a correlation of -0.25, ALMS and NRG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALMS and NRG?
As of 2026-08-27, the correlation of weekly returns between ALMS and NRG is -0.25 over 3 years, -0.22 over 1 year and n/a over 5 years.
Is NRG a good diversifier for ALMS?
Yes. With a correlation of -0.25, ALMS and NRG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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-nrg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alms-vs-nrg/)
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Related comparisons
Hubs: ALMS correlations · NRG correlations
