ARTL vs FAF: Correlation
Measured on weekly returns over the past three years, Artelo Biosciences, Inc. (ARTL) and First American Corporation (New) (FAF) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTL and FAF?
Over the past 3 years, ARTL and FAF moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.26 over 3 years. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -897.9 %².
Among the 21 assets we track against ARTL, FAF sits near the bottom by co-movement, at rank #19. The last year tells two different stories: FAF led by 113.3 percentage points, -97.6% for ARTL against +15.7% for FAF. One caveat on sizing: ARTL is 5.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ARTL vs FAF: side by side
| ARTL (Artelo Biosciences, Inc.) | FAF (First American Corporation (New)) | |
|---|---|---|
| 1-year return | -97.6% | +15.7% |
| 5-year return | -99.7% | +24.3% |
| Volatility (ann.) | 136.9% | 25.7% |
| Beta vs S&P 500 | -0.54 | 0.72 |
| Max drawdown (3Y) | -99.2% | -22.1% |
| Market cap | – | $7.6B |
| P/E (trailing) | – | 10.2 |
| Dividend yield | 0.00% | 2.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARTL | FAF |
|---|---|---|
| 2022 | -62.9% | -30.6% |
| 2023 | -51.6% | +27.7% |
| 2024 | -24.3% | +0.4% |
| 2025 | -80.8% | +1.9% |
| 2026 | -81.9% | +23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTL and FAF good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ARTL and FAF?
As of 2026-08-27, the correlation of weekly returns between ARTL and FAF is -0.26 over 3 years, -0.43 over 1 year and -0.13 over 5 years.
Is FAF a good diversifier for ARTL?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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.
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Related comparisons
Hubs: ARTL correlations · FAF correlations
