APLM vs MLCI: Correlation
How closely do Apollomics Inc. - Class A (APLM) and Mount Logan Capital Inc. (MLCI) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLM and MLCI?
On 3 years of weekly data the APLM/MLCI correlation comes out at 0.44, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.44 over 3 years. The 5-year figure is 0.39, and annualized covariance runs at 3877.8 %².
In APLM's tracked universe of 12 assets, MLCI sits right near the top at #3. Correlation aside, the last 12 months split them widely, with APLM ahead by 352.4 points (+322.2% versus -30.2%). Risk is not evenly split, since APLM carries 2.9 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.
APLM vs MLCI: side by side
| APLM (Apollomics Inc. - Class A) | MLCI (Mount Logan Capital Inc.) | |
|---|---|---|
| 1-year return | +322.2% | -30.2% |
| 5-year return | -97.3% | -55.0% |
| Volatility (ann.) | 159.8% | 54.8% |
| Beta vs S&P 500 | 0.72 | 0.45 |
| Max drawdown (3Y) | -99.2% | -68.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APLM | MLCI |
|---|---|---|
| 2022 | +4.3% | -28.2% |
| 2023 | -90.7% | -22.3% |
| 2024 | -89.9% | -10.5% |
| 2025 | +91.7% | +125.7% |
| 2026 | +40.7% | -60.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLM and MLCI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between APLM and MLCI?
As of 2026-08-27, the correlation of weekly returns between APLM and MLCI is 0.44 over 3 years, 0.55 over 1 year and 0.39 over 5 years.
Is MLCI a good diversifier for APLM?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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: APLM correlations · MLCI correlations
