AQMS vs KVUE: Correlation
Aqua Metals, Inc. (AQMS) and Kenvue (KVUE) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AQMS and KVUE?
On 3 years of weekly data the AQMS/KVUE correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.42) runs below the 3-year figure (-0.20). The 5-year figure is n/a, and annualized covariance runs at -730.8 %².
Out of 15 assets tracked against AQMS, KVUE lands near the bottom at #13. The last year tells two different stories: KVUE led by 22.9 percentage points, -25.9% for AQMS against -3.0% for KVUE. Risk is not evenly split, since AQMS carries 4.9 times the volatility of the other side.
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.
AQMS vs KVUE: side by side
| AQMS (Aqua Metals, Inc.) | KVUE (Kenvue) | |
|---|---|---|
| 1-year return | -25.9% | -3.0% |
| 5-year return | -99.4% | n/a |
| Volatility (ann.) | 132.6% | 27.3% |
| Beta vs S&P 500 | 1.86 | 0.16 |
| Max drawdown (3Y) | -98.9% | -41.2% |
| Market cap | – | $36.9B |
| P/E (trailing) | – | 22.6 |
| Dividend yield | 0.00% | 4.32% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | AQMS | KVUE |
|---|---|---|
| 2022 | +1.6% | – |
| 2023 | -39.2% | – |
| 2024 | -83.4% | +3.1% |
| 2025 | -81.0% | -15.9% |
| 2026 | -41.5% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AQMS and KVUE good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AQMS and KVUE?
The AQMS/KVUE correlation stands at -0.20 on a 3-year window (1 year: -0.42, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is KVUE a good diversifier for AQMS?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
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/aqms-vs-kvue.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aqms-vs-kvue/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AQMS correlations · KVUE correlations
