CHWY vs NNE: Correlation
Chewy, Inc. (CHWY) and Nano Nuclear Energy Inc. (NNE) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHWY and NNE?
Across a 3-year window, the weekly returns of CHWY and NNE correlate at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.50 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 3949.8 %².
Few assets follow CHWY as closely as NNE, which ranks #1 of 11 tracked partners. Their 12-month results are close: -43.6% for CHWY against -41.5% for NNE. Note the risk asymmetry: NNE runs 3.0 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.
CHWY vs NNE: side by side
| CHWY (Chewy, Inc.) | NNE (Nano Nuclear Energy Inc.) | |
|---|---|---|
| 1-year return | -43.6% | -41.5% |
| 5-year return | -74.7% | n/a |
| Volatility (ann.) | 51.6% | 155.1% |
| Beta vs S&P 500 | 1.00 | 4.18 |
| Max drawdown (3Y) | -63.7% | -77.7% |
| Market cap | $9.3B | $1.0B |
| P/E (trailing) | 38.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHWY | NNE |
|---|---|---|
| 2022 | -37.1% | – |
| 2023 | -36.3% | – |
| 2024 | +41.7% | – |
| 2025 | -1.3% | -3.6% |
| 2026 | -31.0% | -19.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHWY and NNE good diversifiers for each other?
Only partially. A correlation of 0.50 means CHWY and NNE 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 CHWY and NNE?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.24 over the last year and n/a over 5 years.
Is NNE a good diversifier for CHWY?
Only partially. A correlation of 0.50 means CHWY and NNE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 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/chwy-vs-nne.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chwy-vs-nne/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHWY correlations · NNE correlations
