FEAM vs SLDP: Correlation
How closely do 5E Advanced Materials, Inc. (FEAM) and Solid Power, Inc. (SLDP) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEAM and SLDP?
Over the past 3 years, FEAM and SLDP moved with a correlation of 0.44, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.44 over 3 years. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 3888.8 %².
Few assets follow FEAM as closely as SLDP, which ranks #1 of 10 tracked partners. Twelve-month performance is nearly a tie, at -50.3% for FEAM and -46.4% for SLDP.
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 SLDP: side by side
| FEAM (5E Advanced Materials, Inc.) | SLDP (Solid Power, Inc.) | |
|---|---|---|
| 1-year return | -50.3% | -46.4% |
| 5-year return | -99.8% | -76.1% |
| Volatility (ann.) | 100.5% | 87.4% |
| Beta vs S&P 500 | 1.66 | 1.88 |
| Max drawdown (3Y) | -98.6% | -76.5% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEAM | SLDP |
|---|---|---|
| 2022 | – | -70.9% |
| 2023 | -82.1% | -42.9% |
| 2024 | -54.6% | +30.3% |
| 2025 | -79.3% | +124.9% |
| 2026 | -44.3% | -44.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEAM and SLDP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FEAM and SLDP?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.56 over the last year and 0.40 over 5 years.
Is SLDP a good diversifier for FEAM?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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-sldp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/feam-vs-sldp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FEAM correlations · SLDP correlations
