ALMU vs LQD: Correlation
Measured on weekly returns over the past three years, Aeluma, Inc. (ALMU) and iShares iBoxx Investment Grade Corporate Bond ETF (LQD) 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 ALMU and LQD?
On 3 years of weekly data the ALMU/LQD correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.01 versus -0.24 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -189.5 %².
Among the 20 assets we track against ALMU, LQD ranks #13 by 3-year correlation. The last year tells two different stories: LQD led by 33.9 percentage points, -32.4% for ALMU against +1.5% for LQD. Note the risk asymmetry: ALMU runs 14.6 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.
ALMU vs LQD: side by side
| ALMU (Aeluma, Inc.) | LQD (iShares iBoxx Investment Grade Corporate Bond ETF) | |
|---|---|---|
| 1-year return | -32.4% | +1.5% |
| 5-year return | n/a | -4.1% |
| Volatility (ann.) | 106.9% | 7.3% |
| Beta vs S&P 500 | 1.15 | 0.15 |
| Max drawdown (3Y) | -56.7% | -6.7% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.66% |
| Expense ratio | – | 0.14% |
| Assets under management | – | $33.0B |
| Sector / category | US Listed | ETF · Bonds |
LQD, iShares's Corporate Bond fund, carries $33.0B under management, a 0.14% expense ratio, a 4.66% trailing dividend yield.
Year-by-year returns
| Year | ALMU | LQD |
|---|---|---|
| 2022 | – | -17.9% |
| 2023 | – | +9.4% |
| 2024 | +163.8% | +0.9% |
| 2025 | +124.4% | +7.9% |
| 2026 | -18.9% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMU and LQD good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALMU and LQD?
As of 2026-08-27, the correlation of weekly returns between ALMU and LQD is -0.24 over 3 years, -0.01 over 1 year and n/a over 5 years.
Is LQD a good diversifier for ALMU?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
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-lqd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/almu-vs-lqd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALMU correlations · LQD correlations
