AEE vs FRNM: Correlation
Ameren (AEE) and Freenome, Inc. (FRNM) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEE and FRNM?
On 3 years of weekly data the AEE/FRNM correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -86.4 %².
Out of 35 assets tracked against AEE, FRNM lands near the bottom at #32. Correlation aside, the last 12 months split them widely, with FRNM ahead by 23.5 points (+8.8% versus +32.3%).
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.
AEE vs FRNM: side by side
| AEE (Ameren) | FRNM (Freenome, Inc.) | |
|---|---|---|
| 1-year return | +8.8% | +32.3% |
| 5-year return | +39.7% | n/a |
| Volatility (ann.) | 17.8% | 21.1% |
| Beta vs S&P 500 | 0.10 | 0.03 |
| Max drawdown (3Y) | -16.5% | -29.6% |
| Market cap | $29.6B | $1.5B |
| P/E (trailing) | 19.0 | – |
| Dividend yield | 2.71% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | AEE | FRNM |
|---|---|---|
| 2022 | +2.5% | – |
| 2023 | -16.1% | – |
| 2024 | +27.5% | – |
| 2025 | +15.3% | +28.0% |
| 2026 | +8.4% | +7.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEE and FRNM good diversifiers for each other?
Yes. With a correlation of -0.24, AEE and FRNM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AEE and FRNM?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.31 over the last year and n/a over 5 years.
Is FRNM a good diversifier for AEE?
Yes. With a correlation of -0.24, AEE and FRNM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aee-vs-frnm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aee-vs-frnm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AEE correlations · FRNM correlations
