CRML vs FCAP: Correlation
How closely do Critical Metals Corp. (CRML) and First Capital, Inc. (FCAP) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRML and FCAP?
Across a 3-year window, the weekly returns of CRML and FCAP correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.38) than the 3-year average (-0.25). Stretching to 5 years gives -0.21, with an annualized covariance of -1383.6 %².
Out of 11 assets tracked against CRML, FCAP lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with FCAP ahead by 32.3 points (+23.5% versus +55.8%). One caveat on sizing: CRML is 3.7 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.
CRML vs FCAP: side by side
| CRML (Critical Metals Corp.) | FCAP (First Capital, Inc.) | |
|---|---|---|
| 1-year return | +23.5% | +55.8% |
| 5-year return | -19.1% | +72.5% |
| Volatility (ann.) | 144.4% | 38.7% |
| Beta vs S&P 500 | 2.11 | 0.26 |
| Max drawdown (3Y) | -93.9% | -32.5% |
| Market cap | $1.2B | $0.2B |
| P/E (trailing) | – | 11.3 |
| Dividend yield | 0.00% | 2.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRML | FCAP |
|---|---|---|
| 2022 | – | -36.3% |
| 2023 | +7.7% | +16.5% |
| 2024 | -38.3% | +20.0% |
| 2025 | +2.2% | +88.4% |
| 2026 | +15.9% | +6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRML and FCAP good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRML and FCAP?
As of 2026-08-27, the correlation of weekly returns between CRML and FCAP is -0.25 over 3 years, -0.38 over 1 year and -0.21 over 5 years.
Is FCAP a good diversifier for CRML?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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/crml-vs-fcap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crml-vs-fcap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRML correlations · FCAP correlations
