FNUC vs IIPR: Correlation
Measured on weekly returns over the past three years, Frontier Nuclear and Minerals Inc. (FNUC) and Innovative Industrial Properties, Inc. (IIPR) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNUC and IIPR?
Over the past 3 years, FNUC and IIPR moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.11) runs above the 3-year figure (-0.22). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -2041.4 %².
Out of 26 assets tracked against FNUC, IIPR lands near the bottom at #25. The last year tells two different stories: IIPR led by 74.1 percentage points, -59.1% for FNUC against +15.0% for IIPR. Risk is not evenly split, since FNUC carries 6.0 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.
FNUC vs IIPR: side by side
| FNUC (Frontier Nuclear and Minerals Inc.) | IIPR (Innovative Industrial Properties, Inc.) | |
|---|---|---|
| 1-year return | -59.1% | +15.0% |
| 5-year return | -99.0% | -63.8% |
| Volatility (ann.) | 237.4% | 39.6% |
| Beta vs S&P 500 | 1.55 | 0.85 |
| Max drawdown (3Y) | -94.2% | -62.9% |
| Market cap | $0.1B | $1.6B |
| P/E (trailing) | – | 12.8 |
| Dividend yield | 0.00% | 13.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNUC | IIPR |
|---|---|---|
| 2022 | -60.4% | -59.0% |
| 2023 | -48.7% | +8.8% |
| 2024 | -17.9% | -28.5% |
| 2025 | -76.0% | -18.4% |
| 2026 | -43.3% | +27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNUC and IIPR good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNUC and IIPR?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with 0.11 over the last year and -0.07 over 5 years.
Is IIPR a good diversifier for FNUC?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/fnuc-vs-iipr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnuc-vs-iipr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FNUC correlations · IIPR correlations
