APLM vs FDS: Correlation
Apollomics Inc. - Class A (APLM) and FactSet (FDS) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLM and FDS?
Over the past 3 years, APLM and FDS moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -1072.8 %².
FDS is close to the least connected end of APLM's tracked universe, ranking #10 of 12. Their recent paths diverged sharply: over the last 12 months APLM outperformed by 340.8 percentage points (+322.2% for APLM against -18.6% for FDS). One caveat on sizing: APLM is 5.0 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.
APLM vs FDS: side by side
| APLM (Apollomics Inc. - Class A) | FDS (FactSet) | |
|---|---|---|
| 1-year return | +322.2% | -18.6% |
| 5-year return | -97.3% | -15.8% |
| Volatility (ann.) | 159.8% | 31.9% |
| Beta vs S&P 500 | 0.72 | 0.56 |
| Max drawdown (3Y) | -99.2% | -61.1% |
| Market cap | $0.1B | $10.8B |
| P/E (trailing) | – | 19.5 |
| Dividend yield | 0.00% | 1.51% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | APLM | FDS |
|---|---|---|
| 2022 | +4.3% | -16.7% |
| 2023 | -90.7% | +20.0% |
| 2024 | -89.9% | +1.6% |
| 2025 | +91.7% | -38.9% |
| 2026 | +40.7% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLM and FDS good diversifiers for each other?
Yes. With a correlation of -0.21, APLM and FDS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between APLM and FDS?
As of 2026-08-27, the correlation of weekly returns between APLM and FDS is -0.21 over 3 years, -0.29 over 1 year and -0.13 over 5 years.
Is FDS a good diversifier for APLM?
Yes. With a correlation of -0.21, APLM and FDS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aplm-vs-fds.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aplm-vs-fds/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APLM correlations · FDS correlations
