FNUC vs LODE: Correlation
Frontier Nuclear and Minerals Inc. (FNUC) and Comstock Inc. (LODE) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNUC and LODE?
On 3 years of weekly data the FNUC/LODE correlation comes out at 0.55, moderate. The past 12 months show a weaker link (0.45) than the 3-year average (0.55). The 5-year figure is 0.47, and annualized covariance runs at 13627.1 %².
Among the 26 assets we track against FNUC, LODE ranks #13 by 3-year correlation. The last year tells two different stories: LODE led by 105.0 percentage points, -59.1% for FNUC against +45.9% for LODE. One caveat on sizing: FNUC is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 LODE: side by side
| FNUC (Frontier Nuclear and Minerals Inc.) | LODE (Comstock Inc.) | |
|---|---|---|
| 1-year return | -59.1% | +45.9% |
| 5-year return | -99.0% | -88.3% |
| Volatility (ann.) | 237.4% | 105.0% |
| Beta vs S&P 500 | 1.55 | 1.39 |
| Max drawdown (3Y) | -94.2% | -78.5% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNUC | LODE |
|---|---|---|
| 2022 | -60.4% | -78.3% |
| 2023 | -48.7% | +96.4% |
| 2024 | -17.9% | +45.5% |
| 2025 | -76.0% | -53.0% |
| 2026 | -43.3% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNUC and LODE good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FNUC and LODE?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.45 over the last year and 0.47 over 5 years.
Is LODE a good diversifier for FNUC?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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-lode.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnuc-vs-lode/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNUC correlations · LODE correlations
