ALMS vs XLF: Correlation
How closely do Alumis Inc. (ALMS) and Financial Select Sector SPDR Fund (XLF) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and XLF?
Over the past 3 years, ALMS and XLF moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.08) runs above the 3-year figure (-0.16). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -341.5 %².
Within ALMS's tracked universe of 92 assets, XLF comes in at #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALMS ahead by 362.4 points (+371.7% versus +9.3%). Risk is not evenly split, since ALMS carries 8.0 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 XLF: side by side
| ALMS (Alumis Inc.) | XLF (Financial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +371.7% | +9.3% |
| 5-year return | n/a | +64.2% |
| Volatility (ann.) | 130.0% | 16.2% |
| Beta vs S&P 500 | -1.50 | 0.84 |
| Max drawdown (3Y) | -78.9% | -15.5% |
| Market cap | $3.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.42% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $57.9B |
| Sector / category | US Listed | Sector ETF |
XLF is a Financial fund from State Street Investment Management: $57.9B under management, 77 holdings, a 0.08% expense ratio, a 1.42% trailing dividend yield.
Year-by-year returns
| Year | ALMS | XLF |
|---|---|---|
| 2022 | – | -10.6% |
| 2023 | – | +12.0% |
| 2024 | – | +30.6% |
| 2025 | +24.2% | +14.9% |
| 2026 | +137.8% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and XLF good diversifiers for each other?
Yes. With a correlation of -0.16, ALMS and XLF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALMS and XLF?
As of 2026-08-27, the correlation of weekly returns between ALMS and XLF is -0.16 over 3 years, 0.08 over 1 year and n/a over 5 years.
Is XLF a good diversifier for ALMS?
Yes. With a correlation of -0.16, ALMS and XLF 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.
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Related comparisons
Hubs: ALMS correlations · XLF correlations
