CRML vs USAR: Correlation
Critical Metals Corp. (CRML) and USA Rare Earth, Inc. (USAR) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRML and USAR?
On 3 years of weekly data the CRML/USAR correlation comes out at 0.43, moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.43). The 5-year figure is n/a, and annualized covariance runs at 6113.9 %².
Few assets follow CRML as closely as USAR, which ranks #2 of 11 tracked partners. Twelve-month performance is nearly a tie, at +23.5% for CRML and +22.7% for USAR.
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 USAR: side by side
| CRML (Critical Metals Corp.) | USAR (USA Rare Earth, Inc.) | |
|---|---|---|
| 1-year return | +23.5% | +22.7% |
| 5-year return | -19.1% | n/a |
| Volatility (ann.) | 144.4% | 98.3% |
| Beta vs S&P 500 | 2.11 | -0.14 |
| Max drawdown (3Y) | -93.9% | -69.2% |
| Market cap | $1.2B | $4.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRML | USAR |
|---|---|---|
| 2023 | +7.7% | – |
| 2024 | -38.3% | +11.1% |
| 2025 | +2.2% | +3.7% |
| 2026 | +15.9% | +61.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRML and USAR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRML and USAR?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.64 over the last year and n/a over 5 years.
Is USAR a good diversifier for CRML?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/crml-vs-usar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crml-vs-usar/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRML correlations · USAR correlations
