LAES vs TRUG: Correlation
Measured on weekly returns over the past three years, SEALSQ Corp (LAES) and TruGolf Holdings, Inc. (TRUG) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAES and TRUG?
Across a 3-year window, the weekly returns of LAES and TRUG correlate at 0.40, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.08 versus 0.40 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 11843.6 %².
Within LAES's tracked universe of 26 assets, TRUG comes in at #12 by 3-year correlation. The last year tells two different stories: LAES led by 94.2 percentage points, -4.4% for LAES against -98.6% for TRUG. Risk is not evenly split, since LAES carries 2.3 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 TRUG: side by side
| LAES (SEALSQ Corp) | TRUG (TruGolf Holdings, Inc.) | |
|---|---|---|
| 1-year return | -4.4% | -98.6% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 261.5% | 114.0% |
| Beta vs S&P 500 | 1.57 | 0.84 |
| Max drawdown (3Y) | -94.5% | -100.0% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAES | TRUG |
|---|---|---|
| 2022 | – | +8.1% |
| 2023 | – | +9.7% |
| 2024 | +380.5% | -94.2% |
| 2025 | -38.5% | -97.8% |
| 2026 | -31.0% | -91.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAES and TRUG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LAES and TRUG?
As of 2026-08-27, the correlation of weekly returns between LAES and TRUG is 0.40 over 3 years, 0.08 over 1 year and n/a over 5 years.
Is TRUG a good diversifier for LAES?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/laes-vs-trug.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/laes-vs-trug/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LAES correlations · TRUG correlations
