CHNR vs VGAS: Correlation
Measured on weekly returns over the past three years, China Natural Resources, Inc. (CHNR) and Verde Clean Fuels, Inc. (VGAS) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHNR and VGAS?
Across a 3-year window, the weekly returns of CHNR and VGAS correlate at 0.54, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.29 versus 0.54 over 3 years. Stretching to 5 years gives 0.24, with an annualized covariance of 4215.6 %².
Within CHNR's tracked universe of 22 assets, VGAS comes in at #4 by 3-year correlation. The last year tells two different stories: CHNR led by 62.7 percentage points, +8.2% for CHNR against -54.5% for VGAS.
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 VGAS: side by side
| CHNR (China Natural Resources, Inc.) | VGAS (Verde Clean Fuels, Inc.) | |
|---|---|---|
| 1-year return | +8.2% | -54.5% |
| 5-year return | -91.7% | -86.2% |
| Volatility (ann.) | 83.4% | 94.3% |
| Beta vs S&P 500 | 0.65 | 0.91 |
| Max drawdown (3Y) | -88.4% | -82.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHNR | VGAS |
|---|---|---|
| 2022 | -34.5% | -8.2% |
| 2023 | -16.3% | -74.1% |
| 2024 | -57.2% | +72.2% |
| 2025 | -33.8% | -49.3% |
| 2026 | +13.9% | -34.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHNR and VGAS good diversifiers for each other?
Only partially. A correlation of 0.54 means CHNR and VGAS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CHNR and VGAS?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.29 over the last year and 0.24 over 5 years.
Is VGAS a good diversifier for CHNR?
Only partially. A correlation of 0.54 means CHNR and VGAS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chnr-vs-vgas.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chnr-vs-vgas/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHNR correlations · VGAS correlations
