JL vs LAES: Correlation
How closely do J-Long Group Limited - Class A (JL) and SEALSQ Corp (LAES) trade together? Their weekly returns over three years give a correlation of 0.77, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JL and LAES?
On 3 years of weekly data the JL/LAES correlation comes out at 0.77, strong. Lately the two have drifted apart, with the 1-year correlation at -0.14 versus 0.77 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 122818.1 %².
Few assets follow JL as closely as LAES, which ranks #1 of 58 tracked partners. The trailing year gives LAES the advantage: -16.4% versus -4.4%, a 12.0-point spread. Risk is not evenly split, since JL carries 2.2 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.
JL vs LAES: side by side
| JL (J-Long Group Limited - Class A) | LAES (SEALSQ Corp) | |
|---|---|---|
| 1-year return | -16.4% | -4.4% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 580.0% | 261.5% |
| Beta vs S&P 500 | -1.02 | 1.57 |
| Max drawdown (3Y) | -98.6% | -94.5% |
| Market cap | – | $0.6B |
| P/E (trailing) | 6.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JL | LAES |
|---|---|---|
| 2024 | – | +380.5% |
| 2025 | +67.1% | -38.5% |
| 2026 | -20.1% | -31.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JL and LAES good diversifiers for each other?
To a limited degree. At 0.77 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between JL and LAES?
As of 2026-08-27, the correlation of weekly returns between JL and LAES is 0.77 over 3 years, -0.14 over 1 year and n/a over 5 years.
Is LAES a good diversifier for JL?
To a limited degree. At 0.77 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.77 mean?
A reading of 0.77 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/jl-vs-laes.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jl-vs-laes/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JL correlations · LAES correlations
