EOSE vs NNE: Correlation
How closely do Eos Energy Enterprises, Inc. (EOSE) and Nano Nuclear Energy Inc. (NNE) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOSE and NNE?
On 3 years of weekly data the EOSE/NNE correlation comes out at 0.43, moderate. The past 12 months show a tighter link (0.58) than the 3-year average (0.43). The 5-year figure is n/a, and annualized covariance runs at 7474.7 %².
In EOSE's tracked universe of 10 assets, NNE sits right near the top at #2. On 12-month performance NNE holds a 10.5-point edge, -52.0% against -41.5%.
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.
EOSE vs NNE: side by side
| EOSE (Eos Energy Enterprises, Inc.) | NNE (Nano Nuclear Energy Inc.) | |
|---|---|---|
| 1-year return | -52.0% | -41.5% |
| 5-year return | -73.5% | n/a |
| Volatility (ann.) | 107.4% | 155.1% |
| Beta vs S&P 500 | 2.71 | 4.18 |
| Max drawdown (3Y) | -83.6% | -77.7% |
| Market cap | $1.2B | $1.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EOSE | NNE |
|---|---|---|
| 2022 | -80.3% | – |
| 2023 | -26.4% | – |
| 2024 | +345.9% | – |
| 2025 | +135.8% | -3.6% |
| 2026 | -70.2% | -19.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOSE and NNE good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EOSE and NNE?
As of 2026-08-27, the correlation of weekly returns between EOSE and NNE is 0.43 over 3 years, 0.58 over 1 year and n/a over 5 years.
Is NNE a good diversifier for EOSE?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/eose-vs-nne.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eose-vs-nne/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EOSE correlations · NNE correlations
