LAES vs ZEO: Correlation
How closely do SEALSQ Corp (LAES) and Zeo Energy Corporation (ZEO) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAES and ZEO?
On 3 years of weekly data the LAES/ZEO correlation comes out at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 13756.6 %².
Among the 26 assets we track against LAES, ZEO ranks #13 by 3-year correlation. The last year tells two different stories: LAES led by 77.3 percentage points, -4.4% for LAES against -81.7% for ZEO. Note the risk asymmetry: LAES runs 2.0 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 ZEO: side by side
| LAES (SEALSQ Corp) | ZEO (Zeo Energy Corporation) | |
|---|---|---|
| 1-year return | -4.4% | -81.7% |
| 5-year return | n/a | -96.8% |
| Volatility (ann.) | 261.5% | 130.0% |
| Beta vs S&P 500 | 1.57 | 1.10 |
| Max drawdown (3Y) | -94.5% | -97.4% |
| 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 | ZEO |
|---|---|---|
| 2022 | – | +4.2% |
| 2023 | – | +8.9% |
| 2024 | +380.5% | -69.5% |
| 2025 | -38.5% | -68.2% |
| 2026 | -31.0% | -70.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAES and ZEO good diversifiers for each other?
Reasonably. At 0.40, LAES and ZEO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LAES and ZEO?
As of 2026-08-27, the correlation of weekly returns between LAES and ZEO is 0.40 over 3 years, 0.38 over 1 year and n/a over 5 years.
Is ZEO a good diversifier for LAES?
Reasonably. At 0.40, LAES and ZEO keep a meaningful degree of independence, and combining them has historically reduced portfolio 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-zeo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/laes-vs-zeo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LAES correlations · ZEO correlations
