ARTW vs FNUC: Correlation
How closely do Art's-Way Manufacturing Co., Inc. (ARTW) and Frontier Nuclear and Minerals Inc. (FNUC) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTW and FNUC?
Across a 3-year window, the weekly returns of ARTW and FNUC correlate at 0.47, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.47 over 3 years. Stretching to 5 years gives 0.40, with an annualized covariance of 7564.8 %².
Few assets follow ARTW as closely as FNUC, which ranks #3 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months ARTW outperformed by 56.1 percentage points (-3.0% for ARTW against -59.1% for FNUC). Note the risk asymmetry: FNUC runs 3.5 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.
ARTW vs FNUC: side by side
| ARTW (Art's-Way Manufacturing Co., Inc.) | FNUC (Frontier Nuclear and Minerals Inc.) | |
|---|---|---|
| 1-year return | -3.0% | -59.1% |
| 5-year return | -16.9% | -99.0% |
| Volatility (ann.) | 68.2% | 237.4% |
| Beta vs S&P 500 | 0.87 | 1.55 |
| Max drawdown (3Y) | -60.0% | -94.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARTW | FNUC |
|---|---|---|
| 2022 | -45.5% | -60.4% |
| 2023 | +7.3% | -48.7% |
| 2024 | +4.8% | -17.9% |
| 2025 | +8.3% | -76.0% |
| 2026 | +23.4% | -43.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTW and FNUC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARTW and FNUC?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.20 over the last year and 0.40 over 5 years.
Is FNUC a good diversifier for ARTW?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/artw-vs-fnuc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/artw-vs-fnuc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARTW correlations · FNUC correlations
