FEAM vs HWBK: Correlation
5E Advanced Materials, Inc. (FEAM) and Hawthorn Bancshares, Inc. (HWBK) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEAM and HWBK?
On 3 years of weekly data the FEAM/HWBK correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.21). The 5-year figure is -0.12, and annualized covariance runs at -696.6 %².
HWBK is close to the least connected end of FEAM's tracked universe, ranking #8 of 10. Correlation aside, the last 12 months split them widely, with HWBK ahead by 71.7 points (-50.3% versus +21.4%). Risk is not evenly split, since FEAM carries 3.0 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.
FEAM vs HWBK: side by side
| FEAM (5E Advanced Materials, Inc.) | HWBK (Hawthorn Bancshares, Inc.) | |
|---|---|---|
| 1-year return | -50.3% | +21.4% |
| 5-year return | -99.8% | +114.2% |
| Volatility (ann.) | 100.5% | 33.4% |
| Beta vs S&P 500 | 1.66 | 0.50 |
| Max drawdown (3Y) | -98.6% | -27.9% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 10.6 |
| Dividend yield | 0.00% | 2.10% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEAM | HWBK |
|---|---|---|
| 2022 | – | -10.3% |
| 2023 | -82.1% | +25.6% |
| 2024 | -54.6% | +15.4% |
| 2025 | -79.3% | +26.3% |
| 2026 | -44.3% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEAM and HWBK good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FEAM and HWBK?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.34 over the last year and -0.12 over 5 years.
Is HWBK a good diversifier for FEAM?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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/feam-vs-hwbk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/feam-vs-hwbk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FEAM correlations · HWBK correlations
