CHNR vs FBLG: Correlation
How closely do China Natural Resources, Inc. (CHNR) and FibroBiologics, Inc. (FBLG) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHNR and FBLG?
On 3 years of weekly data the CHNR/FBLG correlation comes out at 0.41, moderate. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.41). The 5-year figure is n/a, and annualized covariance runs at 5364.8 %².
By 3-year correlation, FBLG places #12 of the 22 assets tracked against CHNR. Their recent paths diverged sharply: over the last 12 months CHNR outperformed by 95.8 percentage points (+8.2% for CHNR against -87.6% for FBLG). Note the risk asymmetry: FBLG runs 1.8 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.
CHNR vs FBLG: side by side
| CHNR (China Natural Resources, Inc.) | FBLG (FibroBiologics, Inc.) | |
|---|---|---|
| 1-year return | +8.2% | -87.6% |
| 5-year return | -91.7% | n/a |
| Volatility (ann.) | 83.4% | 150.1% |
| Beta vs S&P 500 | 0.65 | 0.40 |
| Max drawdown (3Y) | -88.4% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHNR | FBLG |
|---|---|---|
| 2022 | -34.5% | – |
| 2023 | -16.3% | – |
| 2024 | -57.2% | – |
| 2025 | -33.8% | -88.8% |
| 2026 | +13.9% | -66.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHNR and FBLG good diversifiers for each other?
Reasonably. At 0.41, CHNR and FBLG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHNR and FBLG?
The CHNR/FBLG correlation stands at 0.41 on a 3-year window (1 year: 0.12, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is FBLG a good diversifier for CHNR?
Reasonably. At 0.41, CHNR and FBLG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CHNR correlations · FBLG correlations
