ABAT vs FEAM: Correlation
How closely do American Battery Technology Company (ABAT) and 5E Advanced Materials, Inc. (FEAM) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABAT and FEAM?
Over the past 3 years, ABAT and FEAM moved with a correlation of 0.41, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.41 over 3. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 6375.5 %².
By 3-year correlation, FEAM places #19 of the 29 assets tracked against ABAT. Their recent paths diverged sharply: over the last 12 months ABAT outperformed by 52.4 percentage points (+2.1% for ABAT against -50.3% for FEAM). Note the risk asymmetry: ABAT runs 1.5 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.
ABAT vs FEAM: side by side
| ABAT (American Battery Technology Company) | FEAM (5E Advanced Materials, Inc.) | |
|---|---|---|
| 1-year return | +2.1% | -50.3% |
| 5-year return | -88.8% | -99.8% |
| Volatility (ann.) | 153.9% | 100.5% |
| Beta vs S&P 500 | 2.08 | 1.66 |
| Max drawdown (3Y) | -93.2% | -98.6% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABAT | FEAM |
|---|---|---|
| 2022 | -62.0% | – |
| 2023 | -23.2% | -82.1% |
| 2024 | -47.5% | -54.6% |
| 2025 | +35.8% | -79.3% |
| 2026 | -19.9% | -44.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABAT and FEAM good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABAT and FEAM?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.49 over the last year and 0.32 over 5 years.
Is FEAM a good diversifier for ABAT?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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/abat-vs-feam.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abat-vs-feam/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABAT correlations · FEAM correlations
