CHNR vs HTOO: Correlation
Measured on weekly returns over the past three years, China Natural Resources, Inc. (CHNR) and Fusion Fuel Green PLC (HTOO) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHNR and HTOO?
Across a 3-year window, the weekly returns of CHNR and HTOO correlate at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.42 over 3 years. Stretching to 5 years gives 0.32, with an annualized covariance of 4444.7 %².
Within CHNR's tracked universe of 22 assets, HTOO comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CHNR outperformed by 58.4 percentage points (+8.2% for CHNR against -50.2% for HTOO). One caveat on sizing: HTOO is 1.5 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.
CHNR vs HTOO: side by side
| CHNR (China Natural Resources, Inc.) | HTOO (Fusion Fuel Green PLC) | |
|---|---|---|
| 1-year return | +8.2% | -50.2% |
| 5-year return | -91.7% | -99.5% |
| Volatility (ann.) | 83.4% | 126.6% |
| Beta vs S&P 500 | 0.65 | 0.90 |
| Max drawdown (3Y) | -88.4% | -97.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHNR | HTOO |
|---|---|---|
| 2022 | -34.5% | -46.5% |
| 2023 | -16.3% | -74.7% |
| 2024 | -57.2% | -49.7% |
| 2025 | -33.8% | -83.1% |
| 2026 | +13.9% | -39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHNR and HTOO good diversifiers for each other?
Reasonably. At 0.42, CHNR and HTOO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHNR and HTOO?
As of 2026-08-27, the correlation of weekly returns between CHNR and HTOO is 0.42 over 3 years, 0.10 over 1 year and 0.32 over 5 years.
Is HTOO a good diversifier for CHNR?
Reasonably. At 0.42, CHNR and HTOO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/chnr-vs-htoo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chnr-vs-htoo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHNR correlations · HTOO correlations
