AMGN vs ILAG: Correlation
How closely do Amgen (AMGN) and Intelligent Living Application Group Inc. (ILAG) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMGN and ILAG?
Across a 3-year window, the weekly returns of AMGN and ILAG correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. Stretching to 5 years gives -0.03, with an annualized covariance of -615.5 %².
By 3-year correlation, ILAG places #23 of the 31 assets tracked against AMGN. Correlation aside, the last 12 months split them widely, with AMGN ahead by 97.7 points (+56.0% versus -41.7%). One caveat on sizing: ILAG is 4.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AMGN vs ILAG: side by side
| AMGN (Amgen) | ILAG (Intelligent Living Application Group Inc.) | |
|---|---|---|
| 1-year return | +56.0% | -41.7% |
| 5-year return | +127.8% | -94.7% |
| Volatility (ann.) | 26.3% | 109.3% |
| Beta vs S&P 500 | 0.34 | 0.45 |
| Max drawdown (3Y) | -22.7% | -83.0% |
| Market cap | $236.3B | – |
| P/E (trailing) | 27.3 | – |
| Dividend yield | 2.23% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | AMGN | ILAG |
|---|---|---|
| 2022 | +20.4% | – |
| 2023 | +13.5% | -17.6% |
| 2024 | -6.8% | +27.0% |
| 2025 | +29.7% | -56.0% |
| 2026 | +36.2% | -19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMGN and ILAG good diversifiers for each other?
Yes. With a correlation of -0.21, AMGN and ILAG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMGN and ILAG?
As of 2026-08-27, the correlation of weekly returns between AMGN and ILAG is -0.21 over 3 years, -0.31 over 1 year and -0.03 over 5 years.
Is ILAG a good diversifier for AMGN?
Yes. With a correlation of -0.21, AMGN and ILAG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/amgn-vs-ilag.json
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Related comparisons
Hubs: AMGN correlations · ILAG correlations
