ALMU vs FTS: Correlation
How closely do Aeluma, Inc. (ALMU) and Fortis Inc. (FTS) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMU and FTS?
Across a 3-year window, the weekly returns of ALMU and FTS correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.13) runs above the 3-year figure (-0.24). Stretching to 5 years gives n/a, with an annualized covariance of -374.7 %².
Within ALMU's tracked universe of 20 assets, FTS comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FTS outperformed by 44.8 percentage points (-32.4% for ALMU against +12.4% for FTS). Risk is not evenly split, since ALMU carries 7.3 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 FTS: side by side
| ALMU (Aeluma, Inc.) | FTS (Fortis Inc.) | |
|---|---|---|
| 1-year return | -32.4% | +12.4% |
| 5-year return | n/a | +43.4% |
| Volatility (ann.) | 106.9% | 14.6% |
| Beta vs S&P 500 | 1.15 | 0.04 |
| Max drawdown (3Y) | -56.7% | -11.6% |
| Market cap | $0.3B | $28.0B |
| P/E (trailing) | – | 22.5 |
| Dividend yield | 0.00% | 4.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMU | FTS |
|---|---|---|
| 2022 | – | -13.9% |
| 2023 | – | +7.0% |
| 2024 | +163.8% | +5.4% |
| 2025 | +124.4% | +28.5% |
| 2026 | -18.9% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMU and FTS 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 ALMU and FTS?
As of 2026-08-27, the correlation of weekly returns between ALMU and FTS is -0.24 over 3 years, -0.13 over 1 year and n/a over 5 years.
Is FTS a good diversifier for ALMU?
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?
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/almu-vs-fts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/almu-vs-fts/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALMU correlations · FTS correlations
