ALTO vs KRRO: Correlation
Alto Ingredients, Inc. (ALTO) and Korro Bio, Inc. (KRRO) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALTO and KRRO?
On 3 years of weekly data the ALTO/KRRO correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.35 lands near the 3-year figure. The 5-year figure is -0.16, and annualized covariance runs at -4176.4 %².
Among the 15 assets we track against ALTO, KRRO sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with ALTO ahead by 328.1 points (+289.5% versus -38.6%). Risk is not evenly split, since KRRO carries 1.8 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.
ALTO vs KRRO: side by side
| ALTO (Alto Ingredients, Inc.) | KRRO (Korro Bio, Inc.) | |
|---|---|---|
| 1-year return | +289.5% | -38.6% |
| 5-year return | -16.4% | -96.6% |
| Volatility (ann.) | 93.7% | 166.3% |
| Beta vs S&P 500 | 0.15 | 3.17 |
| Max drawdown (3Y) | -84.1% | -94.1% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | 6.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALTO | KRRO |
|---|---|---|
| 2022 | -40.1% | -25.0% |
| 2023 | -7.6% | -75.1% |
| 2024 | -41.4% | -20.6% |
| 2025 | +84.6% | -79.0% |
| 2026 | +42.0% | +65.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALTO and KRRO good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALTO and KRRO?
As of 2026-08-27, the correlation of weekly returns between ALTO and KRRO is -0.27 over 3 years, -0.35 over 1 year and -0.16 over 5 years.
Is KRRO a good diversifier for ALTO?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 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
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Related comparisons
Hubs: ALTO correlations · KRRO correlations
