FEAM vs NOMD: Correlation
How closely do 5E Advanced Materials, Inc. (FEAM) and Nomad Foods Limited (NOMD) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEAM and NOMD?
Across a 3-year window, the weekly returns of FEAM and NOMD correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.23 over 3. Stretching to 5 years gives -0.13, with an annualized covariance of -629.7 %².
NOMD is close to the least connected end of FEAM's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months NOMD outperformed by 32.1 percentage points (-50.3% for FEAM against -18.2% for NOMD). Note the risk asymmetry: FEAM runs 3.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 NOMD: side by side
| FEAM (5E Advanced Materials, Inc.) | NOMD (Nomad Foods Limited) | |
|---|---|---|
| 1-year return | -50.3% | -18.2% |
| 5-year return | -99.8% | -48.6% |
| Volatility (ann.) | 100.5% | 27.7% |
| Beta vs S&P 500 | 1.66 | 0.16 |
| Max drawdown (3Y) | -98.6% | -52.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 12.0 |
| Dividend yield | 0.00% | 4.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEAM | NOMD |
|---|---|---|
| 2022 | – | -32.1% |
| 2023 | -82.1% | -1.7% |
| 2024 | -54.6% | +2.4% |
| 2025 | -79.3% | -22.1% |
| 2026 | -44.3% | +0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEAM and NOMD good diversifiers for each other?
Yes. With a correlation of -0.23, FEAM and NOMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FEAM and NOMD?
As of 2026-08-27, the correlation of weekly returns between FEAM and NOMD is -0.23 over 3 years, -0.28 over 1 year and -0.13 over 5 years.
Is NOMD a good diversifier for FEAM?
Yes. With a correlation of -0.23, FEAM and NOMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/feam-vs-nomd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/feam-vs-nomd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FEAM correlations · NOMD correlations
