ALMS vs SPYG: Correlation
How closely do Alumis Inc. (ALMS) and SPDR Portfolio S&P 500 Growth ETF (SPYG) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and SPYG?
On 3 years of weekly data the ALMS/SPYG correlation comes out at -0.18, 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 (-0.18). The 5-year figure is n/a, and annualized covariance runs at -467.5 %².
Within ALMS's tracked universe of 92 assets, SPYG comes in at #33 by 3-year correlation. The last year tells two different stories: ALMS led by 349.3 percentage points, +371.7% for ALMS against +22.4% for SPYG. Risk is not evenly split, since ALMS carries 6.9 times the volatility of the other side.
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 SPYG: side by side
| ALMS (Alumis Inc.) | SPYG (SPDR Portfolio S&P 500 Growth ETF) | |
|---|---|---|
| 1-year return | +371.7% | +22.4% |
| 5-year return | n/a | +85.9% |
| Volatility (ann.) | 130.0% | 18.9% |
| Beta vs S&P 500 | -1.50 | 1.25 |
| Max drawdown (3Y) | -78.9% | -22.1% |
| Market cap | $3.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.49% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $52.2B |
| Sector / category | US Listed | ETF · US Style |
SPYG is a Large Growth fund from State Street Investment Management: $52.2B under management, 148 holdings, a 0.04% expense ratio, a 0.49% trailing dividend yield.
Year-by-year returns
| Year | ALMS | SPYG |
|---|---|---|
| 2022 | – | -29.4% |
| 2023 | – | +30.0% |
| 2024 | – | +36.0% |
| 2025 | +24.2% | +22.1% |
| 2026 | +137.8% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and SPYG good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALMS and SPYG?
The ALMS/SPYG correlation stands at -0.18 on a 3-year window (1 year: -0.00, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SPYG a good diversifier for ALMS?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alms-vs-spyg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alms-vs-spyg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALMS correlations · SPYG correlations
