CTM vs FNUC: Correlation
How closely do Castellum, Inc. (CTM) and Frontier Nuclear and Minerals Inc. (FNUC) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTM and FNUC?
Across a 3-year window, the weekly returns of CTM and FNUC correlate at 0.60, strong. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.60). Stretching to 5 years gives 0.54, with an annualized covariance of 21325.4 %².
Few assets follow CTM as closely as FNUC, which ranks #1 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months CTM outperformed by 18.7 percentage points (-40.4% for CTM against -59.1% for FNUC). Risk is not evenly split, since FNUC carries 1.6 times the volatility of the other side.
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.
CTM vs FNUC: side by side
| CTM (Castellum, Inc.) | FNUC (Frontier Nuclear and Minerals Inc.) | |
|---|---|---|
| 1-year return | -40.4% | -59.1% |
| 5-year return | n/a | -99.0% |
| Volatility (ann.) | 150.3% | 237.4% |
| Beta vs S&P 500 | 1.19 | 1.55 |
| Max drawdown (3Y) | -79.1% | -94.2% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTM | FNUC |
|---|---|---|
| 2022 | – | -60.4% |
| 2023 | -76.3% | -48.7% |
| 2024 | +571.1% | -17.9% |
| 2025 | -54.9% | -76.0% |
| 2026 | -32.7% | -43.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTM and FNUC good diversifiers for each other?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CTM and FNUC?
As of 2026-08-27, the correlation of weekly returns between CTM and FNUC is 0.60 over 3 years, 0.28 over 1 year and 0.54 over 5 years.
Is FNUC a good diversifier for CTM?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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/ctm-vs-fnuc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ctm-vs-fnuc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTM correlations · FNUC correlations
