APLM vs HSDT: Correlation
How closely do Apollomics Inc. - Class A (APLM) and Solana Company (HSDT) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLM and HSDT?
On 3 years of weekly data the APLM/HSDT correlation comes out at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.61 versus 0.46 over 3 years. The 5-year figure is 0.38, and annualized covariance runs at 12972.1 %².
HSDT is one of the assets that tracks APLM most closely: it ranks #2 out of the 12 assets we track against APLM. Their recent paths diverged sharply: over the last 12 months APLM outperformed by 382.9 percentage points (+322.2% for APLM against -60.7% for HSDT).
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 HSDT: side by side
| APLM (Apollomics Inc. - Class A) | HSDT (Solana Company) | |
|---|---|---|
| 1-year return | +322.2% | -60.7% |
| 5-year return | -97.3% | -100.0% |
| Volatility (ann.) | 159.8% | 177.7% |
| Beta vs S&P 500 | 0.72 | 0.34 |
| Max drawdown (3Y) | -99.2% | -100.0% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APLM | HSDT |
|---|---|---|
| 2022 | +4.3% | -94.1% |
| 2023 | -90.7% | -47.6% |
| 2024 | -89.9% | -91.7% |
| 2025 | +91.7% | -99.4% |
| 2026 | +40.7% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLM and HSDT good diversifiers for each other?
Reasonably. At 0.46, APLM and HSDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APLM and HSDT?
The APLM/HSDT correlation stands at 0.46 on a 3-year window (1 year: 0.61, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is HSDT a good diversifier for APLM?
Reasonably. At 0.46, APLM and HSDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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/aplm-vs-hsdt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aplm-vs-hsdt/)
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Related comparisons
Hubs: APLM correlations · HSDT correlations
