FNUC vs PDYN: Correlation
How closely do Frontier Nuclear and Minerals Inc. (FNUC) and Palladyne AI Corp. (PDYN) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNUC and PDYN?
Across a 3-year window, the weekly returns of FNUC and PDYN correlate at 0.57, moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.57 over 3. Stretching to 5 years gives 0.54, with an annualized covariance of 27671.3 %².
Among the 26 assets we track against FNUC, PDYN ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PDYN outperformed by 37.2 percentage points (-59.1% for FNUC against -21.9% for PDYN).
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 PDYN: side by side
| FNUC (Frontier Nuclear and Minerals Inc.) | PDYN (Palladyne AI Corp.) | |
|---|---|---|
| 1-year return | -59.1% | -21.9% |
| 5-year return | -99.0% | -88.8% |
| Volatility (ann.) | 237.4% | 204.5% |
| Beta vs S&P 500 | 1.55 | 3.45 |
| Max drawdown (3Y) | -94.2% | -68.8% |
| 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 | PDYN |
|---|---|---|
| 2022 | -60.4% | -94.4% |
| 2023 | -48.7% | -78.6% |
| 2024 | -17.9% | +1601.8% |
| 2025 | -76.0% | -65.3% |
| 2026 | -43.3% | +43.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNUC and PDYN good diversifiers for each other?
Only partially. A correlation of 0.57 means FNUC and PDYN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FNUC and PDYN?
The FNUC/PDYN correlation stands at 0.57 on a 3-year window (1 year: 0.58, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is PDYN a good diversifier for FNUC?
Only partially. A correlation of 0.57 means FNUC and PDYN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FNUC correlations · PDYN correlations
