AREC vs USAR: Correlation
How closely do American Resources Corporation (AREC) and USA Rare Earth, Inc. (USAR) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AREC and USAR?
On 3 years of weekly data the AREC/USAR correlation comes out at 0.49, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.68 versus 0.49 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 6810.7 %².
Within AREC's tracked universe of 16 assets, USAR comes in at #5 by 3-year correlation. Neither side won the trailing year by much: +18.3% against +22.7%.
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.
AREC vs USAR: side by side
| AREC (American Resources Corporation) | USAR (USA Rare Earth, Inc.) | |
|---|---|---|
| 1-year return | +18.3% | +22.7% |
| 5-year return | +18.9% | n/a |
| Volatility (ann.) | 141.0% | 98.3% |
| Beta vs S&P 500 | 1.27 | -0.14 |
| Max drawdown (3Y) | -78.1% | -69.2% |
| Market cap | $0.3B | $4.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AREC | USAR |
|---|---|---|
| 2022 | -26.7% | – |
| 2023 | +12.9% | – |
| 2024 | -32.2% | +11.1% |
| 2025 | +145.5% | +3.7% |
| 2026 | +4.0% | +61.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AREC and USAR good diversifiers for each other?
Reasonably. At 0.49, AREC and USAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AREC and USAR?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.68 over the last year and n/a over 5 years.
Is USAR a good diversifier for AREC?
Reasonably. At 0.49, AREC and USAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arec-vs-usar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arec-vs-usar/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AREC correlations · USAR correlations
