FERG vs LAES: Correlation
Measured on weekly returns over the past three years, Ferguson Enterprises (FERG) and SEALSQ Corp (LAES) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FERG and LAES?
Across a 3-year window, the weekly returns of FERG and LAES correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.09 versus -0.19 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -1455.3 %².
Among the 35 assets we track against FERG, LAES ranks #27 by 3-year correlation. The trailing year gives FERG the advantage: +1.1% versus -4.4%, a 5.5-point spread. Risk is not evenly split, since LAES carries 8.7 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.
FERG vs LAES: side by side
| FERG (Ferguson Enterprises) | LAES (SEALSQ Corp) | |
|---|---|---|
| 1-year return | +1.1% | -4.4% |
| 5-year return | +82.2% | n/a |
| Volatility (ann.) | 30.0% | 261.5% |
| Beta vs S&P 500 | 0.99 | 1.57 |
| Max drawdown (3Y) | -32.9% | -94.5% |
| Market cap | $45.1B | $0.6B |
| P/E (trailing) | 23.0 | – |
| Dividend yield | 1.80% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FERG | LAES |
|---|---|---|
| 2022 | -27.2% | – |
| 2023 | +55.1% | – |
| 2024 | -8.6% | +380.5% |
| 2025 | +29.9% | -38.5% |
| 2026 | +6.4% | -31.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FERG and LAES good diversifiers for each other?
Yes. With a correlation of -0.19, FERG and LAES have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FERG and LAES?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with 0.09 over the last year and n/a over 5 years.
Is LAES a good diversifier for FERG?
Yes. With a correlation of -0.19, FERG and LAES have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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/ferg-vs-laes.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ferg-vs-laes/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FERG correlations · LAES correlations
