KROS vs LAES: Correlation
How closely do Keros Therapeutics, Inc. (KROS) and SEALSQ Corp (LAES) trade together? Their weekly returns over three years give a correlation of -0.43, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KROS and LAES?
Across a 3-year window, the weekly returns of KROS and LAES correlate at -0.43, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.43). Stretching to 5 years gives n/a, with an annualized covariance of -7919.8 %².
Among the 17 assets we track against KROS, LAES sits near the bottom by co-movement, at rank #16. Correlation aside, the last 12 months split them widely, with LAES ahead by 23.2 points (-27.6% versus -4.4%). Risk is not evenly split, since LAES carries 3.7 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.
KROS vs LAES: side by side
| KROS (Keros Therapeutics, Inc.) | LAES (SEALSQ Corp) | |
|---|---|---|
| 1-year return | -27.6% | -4.4% |
| 5-year return | -67.0% | n/a |
| Volatility (ann.) | 69.9% | 261.5% |
| Beta vs S&P 500 | 0.98 | 1.57 |
| Max drawdown (3Y) | -86.5% | -94.5% |
| Market cap | $0.2B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KROS | LAES |
|---|---|---|
| 2022 | -17.9% | – |
| 2023 | -17.2% | – |
| 2024 | -60.2% | +380.5% |
| 2025 | +28.6% | -38.5% |
| 2026 | -44.8% | -31.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KROS and LAES good diversifiers for each other?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KROS and LAES?
The KROS/LAES correlation stands at -0.43 on a 3-year window (1 year: 0.01, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LAES a good diversifier for KROS?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.43 mean?
A reading of -0.43 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/kros-vs-laes.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kros-vs-laes/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KROS correlations · LAES correlations
