LAES vs MIND: Correlation
SEALSQ Corp (LAES) and MIND Technology, Inc. (MIND) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAES and MIND?
Across a 3-year window, the weekly returns of LAES and MIND correlate at 0.35, moderate. The past 12 months show a weaker link (0.03) than the 3-year average (0.35). Stretching to 5 years gives n/a, with an annualized covariance of 7206.9 %².
Among the 26 assets we track against LAES, MIND ranks #15 by 3-year correlation. The last year tells two different stories: LAES led by 51.5 percentage points, -4.4% for LAES against -55.9% for MIND. Note the risk asymmetry: LAES runs 3.3 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.
LAES vs MIND: side by side
| LAES (SEALSQ Corp) | MIND (MIND Technology, Inc.) | |
|---|---|---|
| 1-year return | -4.4% | -55.9% |
| 5-year return | n/a | -77.3% |
| Volatility (ann.) | 261.5% | 79.5% |
| Beta vs S&P 500 | 1.57 | 0.91 |
| Max drawdown (3Y) | -94.5% | -70.0% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | 27.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAES | MIND |
|---|---|---|
| 2022 | – | -72.8% |
| 2023 | – | +43.3% |
| 2024 | +380.5% | +20.5% |
| 2025 | -38.5% | +10.7% |
| 2026 | -31.0% | -49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAES and MIND good diversifiers for each other?
Reasonably. At 0.35, LAES and MIND keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LAES and MIND?
As of 2026-08-27, the correlation of weekly returns between LAES and MIND is 0.35 over 3 years, 0.03 over 1 year and n/a over 5 years.
Is MIND a good diversifier for LAES?
Reasonably. At 0.35, LAES and MIND keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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-mind.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/laes-vs-mind/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LAES correlations · MIND correlations
