CETY vs CHNR: Correlation
Measured on weekly returns over the past three years, Clean Energy Technologies, Inc. (CETY) and China Natural Resources, Inc. (CHNR) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CETY and CHNR?
On 3 years of weekly data the CETY/CHNR correlation comes out at 0.28, weak. The relationship has been stable: the 1-year correlation (0.24) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 2378.1 %².
By 3-year correlation, CHNR places #4 of the 10 assets tracked against CETY. The last year tells two different stories: CHNR led by 82.3 percentage points, -74.1% for CETY against +8.2% for CHNR.
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.
CETY vs CHNR: side by side
| CETY (Clean Energy Technologies, Inc.) | CHNR (China Natural Resources, Inc.) | |
|---|---|---|
| 1-year return | -74.1% | +8.2% |
| 5-year return | n/a | -91.7% |
| Volatility (ann.) | 102.9% | 83.4% |
| Beta vs S&P 500 | 0.53 | 0.65 |
| Max drawdown (3Y) | -98.5% | -88.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CETY | CHNR |
|---|---|---|
| 2022 | – | -34.5% |
| 2023 | – | -16.3% |
| 2024 | -59.1% | -57.2% |
| 2025 | -92.1% | -33.8% |
| 2026 | +35.2% | +13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CETY and CHNR good diversifiers for each other?
Reasonably. At 0.28, CETY and CHNR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CETY and CHNR?
The CETY/CHNR correlation stands at 0.28 on a 3-year window (1 year: 0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CHNR a good diversifier for CETY?
Reasonably. At 0.28, CETY and CHNR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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/cety-vs-chnr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cety-vs-chnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CETY correlations · CHNR correlations
