ALMS vs SCHW: Correlation
Measured on weekly returns over the past three years, Alumis Inc. (ALMS) and Charles Schwab Corporation (SCHW) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and SCHW?
On 3 years of weekly data the ALMS/SCHW correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.24). The 5-year figure is n/a, and annualized covariance runs at -841.8 %².
Among the 92 assets we track against ALMS, SCHW ranks #60 by 3-year correlation. The last year tells two different stories: ALMS led by 358.7 percentage points, +371.7% for ALMS against +13.0% for SCHW. Note the risk asymmetry: ALMS runs 4.7 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 SCHW: side by side
| ALMS (Alumis Inc.) | SCHW (Charles Schwab Corporation) | |
|---|---|---|
| 1-year return | +371.7% | +13.0% |
| 5-year return | n/a | +57.3% |
| Volatility (ann.) | 130.0% | 27.8% |
| Beta vs S&P 500 | -1.50 | 0.93 |
| Max drawdown (3Y) | -78.9% | -21.4% |
| Market cap | $3.0B | $186.9B |
| P/E (trailing) | – | 19.9 |
| Dividend yield | 0.00% | 1.08% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ALMS | SCHW |
|---|---|---|
| 2022 | – | +0.1% |
| 2023 | – | -16.0% |
| 2024 | – | +9.2% |
| 2025 | +24.2% | +36.6% |
| 2026 | +137.8% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and SCHW good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALMS and SCHW?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.06 over the last year and n/a over 5 years.
Is SCHW a good diversifier for ALMS?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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-schw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alms-vs-schw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALMS correlations · SCHW correlations
