LOCL vs RLYB: Correlation
How closely do Local Bounti Corporation (LOCL) and Rallybio Corporation (RLYB) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOCL and RLYB?
Across a 3-year window, the weekly returns of LOCL and RLYB correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.33) runs below the 3-year figure (-0.20). Stretching to 5 years gives -0.04, with an annualized covariance of -2877.8 %².
By 3-year correlation, RLYB places #19 of the 34 assets tracked against LOCL. Their recent paths diverged sharply: over the last 12 months RLYB outperformed by 313.9 percentage points (-58.8% for LOCL against +255.1% for RLYB).
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.
LOCL vs RLYB: side by side
| LOCL (Local Bounti Corporation) | RLYB (Rallybio Corporation) | |
|---|---|---|
| 1-year return | -58.8% | +255.1% |
| 5-year return | -99.2% | -83.7% |
| Volatility (ann.) | 142.7% | 99.0% |
| Beta vs S&P 500 | -0.49 | 0.78 |
| Max drawdown (3Y) | -79.4% | -95.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 2.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOCL | RLYB |
|---|---|---|
| 2022 | -78.4% | -31.1% |
| 2023 | -88.5% | -63.6% |
| 2024 | +0.0% | -59.8% |
| 2025 | +3.4% | -28.5% |
| 2026 | -53.8% | +205.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOCL and RLYB good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between LOCL and RLYB?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.33 over the last year and -0.04 over 5 years.
Is RLYB a good diversifier for LOCL?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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/locl-vs-rlyb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/locl-vs-rlyb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOCL correlations · RLYB correlations
