LAES vs LQDT: Correlation
SEALSQ Corp (LAES) and Liquidity Services, Inc. (LQDT) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAES and LQDT?
Over the past 3 years, LAES and LQDT moved with a correlation of 0.41, which is moderate. The past 12 months show a weaker link (-0.03) than the 3-year average (0.41). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4820.1 %².
Within LAES's tracked universe of 26 assets, LQDT comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LQDT ahead by 63.4 points (-4.4% versus +59.0%). Risk is not evenly split, since LAES carries 5.8 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.
LAES vs LQDT: side by side
| LAES (SEALSQ Corp) | LQDT (Liquidity Services, Inc.) | |
|---|---|---|
| 1-year return | -4.4% | +59.0% |
| 5-year return | n/a | +66.3% |
| Volatility (ann.) | 261.5% | 44.8% |
| Beta vs S&P 500 | 1.57 | 0.89 |
| Max drawdown (3Y) | -94.5% | -41.1% |
| Market cap | $0.6B | $1.3B |
| P/E (trailing) | – | 41.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAES | LQDT |
|---|---|---|
| 2022 | – | -36.3% |
| 2023 | – | +22.4% |
| 2024 | +380.5% | +87.6% |
| 2025 | -38.5% | -6.1% |
| 2026 | -31.0% | +37.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAES and LQDT good diversifiers for each other?
Reasonably. At 0.41, LAES and LQDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LAES and LQDT?
The LAES/LQDT correlation stands at 0.41 on a 3-year window (1 year: -0.03, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LQDT a good diversifier for LAES?
Reasonably. At 0.41, LAES and LQDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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/laes-vs-lqdt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/laes-vs-lqdt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LAES correlations · LQDT correlations
