LAES vs RGTI: Correlation
How closely do SEALSQ Corp (LAES) and Rigetti Computing, Inc. (RGTI) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAES and RGTI?
On 3 years of weekly data the LAES/RGTI correlation comes out at 0.56, moderate. The link has tightened recently: the 1-year correlation (0.72) runs above the 3-year figure (0.56). The 5-year figure is n/a, and annualized covariance runs at 19126.4 %².
Few assets follow LAES as closely as RGTI, which ranks #3 of 26 tracked partners. On 12-month performance RGTI holds a 11.2-point edge, -4.4% against +6.8%. One caveat on sizing: LAES is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 RGTI: side by side
| LAES (SEALSQ Corp) | RGTI (Rigetti Computing, Inc.) | |
|---|---|---|
| 1-year return | -4.4% | +6.8% |
| 5-year return | n/a | +69.5% |
| Volatility (ann.) | 261.5% | 129.7% |
| Beta vs S&P 500 | 1.57 | 2.64 |
| Max drawdown (3Y) | -94.5% | -77.1% |
| Market cap | $0.6B | $5.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAES | RGTI |
|---|---|---|
| 2022 | – | -92.9% |
| 2023 | – | +35.1% |
| 2024 | +380.5% | +1449.2% |
| 2025 | -38.5% | +45.2% |
| 2026 | -31.0% | -25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAES and RGTI good diversifiers for each other?
Only partially. A correlation of 0.56 means LAES and RGTI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between LAES and RGTI?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.72 over the last year and n/a over 5 years.
Is RGTI a good diversifier for LAES?
Only partially. A correlation of 0.56 means LAES and RGTI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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
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Related comparisons
Hubs: LAES correlations · RGTI correlations
