ALMU vs TIP: Correlation
Measured on weekly returns over the past three years, Aeluma, Inc. (ALMU) and iShares TIPS Bond ETF (TIP) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMU and TIP?
Over the past 3 years, ALMU and TIP moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.03) than the 3-year average (-0.22). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -100.8 %².
Among the 20 assets we track against ALMU, TIP ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TIP outperformed by 33.8 percentage points (-32.4% for ALMU against +1.4% for TIP). Risk is not evenly split, since ALMU carries 24.3 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 TIP: side by side
| ALMU (Aeluma, Inc.) | TIP (iShares TIPS Bond ETF) | |
|---|---|---|
| 1-year return | -32.4% | +1.4% |
| 5-year return | n/a | +1.2% |
| Volatility (ann.) | 106.9% | 4.4% |
| Beta vs S&P 500 | 1.15 | 0.05 |
| Max drawdown (3Y) | -56.7% | -3.7% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.47% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $14.6B |
| Sector / category | US Listed | ETF · Bonds |
TIP is an Inflation-Protected Bond fund from iShares: $14.6B under management, a 0.18% expense ratio, a 4.47% trailing dividend yield.
Year-by-year returns
| Year | ALMU | TIP |
|---|---|---|
| 2022 | – | -12.3% |
| 2023 | – | +3.8% |
| 2024 | +163.8% | +1.7% |
| 2025 | +124.4% | +6.8% |
| 2026 | -18.9% | +1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMU and TIP good diversifiers for each other?
Yes. With a correlation of -0.22, ALMU and TIP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALMU and TIP?
As of 2026-08-27, the correlation of weekly returns between ALMU and TIP is -0.22 over 3 years, 0.03 over 1 year and n/a over 5 years.
Is TIP a good diversifier for ALMU?
Yes. With a correlation of -0.22, ALMU and TIP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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-tip.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/almu-vs-tip/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALMU correlations · TIP correlations
