ALMU vs AWK: Correlation
How closely do Aeluma, Inc. (ALMU) and American Water Works (AWK) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMU and AWK?
Over the past 3 years, ALMU and AWK moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -561.6 %².
Within ALMU's tracked universe of 20 assets, AWK comes in at #15 by 3-year correlation. The last year tells two different stories: AWK led by 29.4 percentage points, -32.4% for ALMU against -3.0% for AWK. Risk is not evenly split, since ALMU carries 5.2 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.
ALMU vs AWK: side by side
| ALMU (Aeluma, Inc.) | AWK (American Water Works) | |
|---|---|---|
| 1-year return | -32.4% | -3.0% |
| 5-year return | n/a | -16.6% |
| Volatility (ann.) | 106.9% | 20.7% |
| Beta vs S&P 500 | 1.15 | -0.11 |
| Max drawdown (3Y) | -56.7% | -18.8% |
| Market cap | $0.3B | $27.2B |
| P/E (trailing) | – | 23.7 |
| Dividend yield | 0.00% | 2.46% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | ALMU | AWK |
|---|---|---|
| 2022 | – | -17.9% |
| 2023 | – | -11.7% |
| 2024 | +163.8% | -3.5% |
| 2025 | +124.4% | +7.4% |
| 2026 | -18.9% | +6.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMU and AWK good diversifiers for each other?
Yes. With a correlation of -0.25, ALMU and AWK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALMU and AWK?
The ALMU/AWK correlation stands at -0.25 on a 3-year window (1 year: -0.25, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is AWK a good diversifier for ALMU?
Yes. With a correlation of -0.25, ALMU and AWK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/almu-vs-awk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/almu-vs-awk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALMU correlations · AWK correlations
