FEAM vs TRAW: Correlation
Measured on weekly returns over the past three years, 5E Advanced Materials, Inc. (FEAM) and Traws Pharma, Inc. (TRAW) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEAM and TRAW?
On 3 years of weekly data the FEAM/TRAW correlation comes out at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 4859.4 %².
By 3-year correlation, TRAW places #5 of the 10 assets tracked against FEAM. Over the last 12 months FEAM came out ahead by 8.5 percentage points (-50.3% against -58.8%).
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 TRAW: side by side
| FEAM (5E Advanced Materials, Inc.) | TRAW (Traws Pharma, Inc.) | |
|---|---|---|
| 1-year return | -50.3% | -58.8% |
| 5-year return | -99.8% | -99.5% |
| Volatility (ann.) | 100.5% | 138.3% |
| Beta vs S&P 500 | 1.66 | 0.67 |
| Max drawdown (3Y) | -98.6% | -98.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEAM | TRAW |
|---|---|---|
| 2022 | – | -74.5% |
| 2023 | -82.1% | +15.4% |
| 2024 | -54.6% | -52.6% |
| 2025 | -79.3% | -87.3% |
| 2026 | -44.3% | -48.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEAM and TRAW good diversifiers for each other?
Reasonably. At 0.35, FEAM and TRAW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FEAM and TRAW?
The FEAM/TRAW correlation stands at 0.35 on a 3-year window (1 year: 0.33, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is TRAW a good diversifier for FEAM?
Reasonably. At 0.35, FEAM and TRAW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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-traw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/feam-vs-traw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FEAM correlations · TRAW correlations
