HWM vs SER: Correlation
Measured on weekly returns over the past three years, Howmet Aerospace (HWM) and Serina Therapeutics, Inc. (SER) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HWM and SER?
Over the past 3 years, HWM and SER moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.09) sits close to the 3-year figure. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -526.1 %².
By 3-year correlation, SER places #26 of the 35 assets tracked against HWM. Their recent paths diverged sharply: over the last 12 months HWM outperformed by 102.2 percentage points (+52.7% for HWM against -49.5% for SER). Note the risk asymmetry: SER runs 3.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HWM vs SER: side by side
| HWM (Howmet Aerospace) | SER (Serina Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +52.7% | -49.5% |
| 5-year return | +754.4% | -93.1% |
| Volatility (ann.) | 32.1% | 98.4% |
| Beta vs S&P 500 | 1.24 | -0.30 |
| Max drawdown (3Y) | -19.4% | -95.5% |
| Market cap | $106.7B | $0.1B |
| P/E (trailing) | 58.2 | – |
| Dividend yield | 0.18% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | HWM | SER |
|---|---|---|
| 2022 | +24.2% | -49.4% |
| 2023 | +37.8% | -30.3% |
| 2024 | +102.7% | -63.6% |
| 2025 | +88.0% | -61.8% |
| 2026 | +30.7% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HWM and SER good diversifiers for each other?
Yes. With a correlation of -0.17, HWM and SER have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HWM and SER?
The HWM/SER correlation stands at -0.17 on a 3-year window (1 year: -0.09, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is SER a good diversifier for HWM?
Yes. With a correlation of -0.17, HWM and SER have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 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.
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Related comparisons
Hubs: HWM correlations · SER correlations
