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ALGM correlations (Allegro MicroSystems, Inc.)

Which assets move with ALGM and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)
56.9%
3y weekly
Beta vs S&P 500
1.83
3y weekly
1-year return
+19.5%
price, adjusted
5-year return
+23.1%
price, adjusted
Market cap
$7.0B
latest
P/E ratio
537.0
trailing
Max drawdown
-57.2%
3y, daily closes
-21%0%+93%2025-09-052026-08-27
ALGM over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with ALGM

AssetCorrelation (3Y)
SOXXiShares Semiconductor ETF0.69
NXPINXP Semiconductors0.68
DIODDiodes Incorporated0.67
MCHPMicrochip Technology0.66
SMHVanEck Semiconductor ETF0.64

Best diversifiers for ALGM

The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from ALGM.

AssetCorrelation (3Y)
FNGDMicroSectors FANG Index -3X Inverse Leveraged ETNs due-0.38
VXXiPath Series B S&P 500 VIX Short-Term Futures ETN-0.36
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN-0.34

ALGM vs benchmarks

ALGM vs SPY 0.46 ALGM vs QQQ 0.53

Get ALGM data as JSON

Free API · no key required
$ curl https://www.pairbook.io/api/v1/symbols/algm.json

Correlations, diversifiers, beta and volatility for ALGM, plus one endpoint per pair. API documentation.

ALGM inside major ETFs

ETFALGM weight
MDYSPDR S&P MidCap 400 ETF0.13%