AEC vs EU: Correlation
How closely do Anfield Energy Inc. (AEC) and enCore Energy Corp. (EU) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEC and EU?
On 3 years of weekly data the AEC/EU correlation comes out at 0.48, moderate. The link has tightened recently: the 1-year correlation (0.74) runs above the 3-year figure (0.48). The 5-year figure is 0.48, and annualized covariance runs at 3312.0 %².
Within AEC's tracked universe of 11 assets, EU comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AEC ahead by 28.0 points (-11.0% versus -39.0%). Note the risk asymmetry: AEC 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.
AEC vs EU: side by side
| AEC (Anfield Energy Inc.) | EU (enCore Energy Corp.) | |
|---|---|---|
| 1-year return | -11.0% | -39.0% |
| 5-year return | -37.7% | -60.1% |
| Volatility (ann.) | 102.5% | 67.3% |
| Beta vs S&P 500 | 1.85 | 1.98 |
| Max drawdown (3Y) | -65.7% | -78.7% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEC | EU |
|---|---|---|
| 2022 | -50.0% | -39.0% |
| 2023 | +50.0% | +66.5% |
| 2024 | +0.0% | -13.2% |
| 2025 | +14.0% | -27.3% |
| 2026 | -9.0% | -44.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEC and EU good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AEC and EU?
As of 2026-08-27, the correlation of weekly returns between AEC and EU is 0.48 over 3 years, 0.74 over 1 year and 0.48 over 5 years.
Is EU a good diversifier for AEC?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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.
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Related comparisons
Hubs: AEC correlations · EU correlations
