FNUC vs TRAW: Correlation
How closely do Frontier Nuclear and Minerals Inc. (FNUC) and Traws Pharma, Inc. (TRAW) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNUC and TRAW?
Over the past 3 years, FNUC and TRAW moved with a correlation of 0.63, which is strong. Lately the two have drifted apart, with the 1-year correlation at -0.08 versus 0.63 over 3 years. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 20558.4 %².
Within FNUC's tracked universe of 26 assets, TRAW comes in at #5 by 3-year correlation. Neither side won the trailing year by much: -59.1% against -58.8%. One caveat on sizing: FNUC is 1.7 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 TRAW: side by side
| FNUC (Frontier Nuclear and Minerals Inc.) | TRAW (Traws Pharma, Inc.) | |
|---|---|---|
| 1-year return | -59.1% | -58.8% |
| 5-year return | -99.0% | -99.5% |
| Volatility (ann.) | 237.4% | 138.3% |
| Beta vs S&P 500 | 1.55 | 0.67 |
| Max drawdown (3Y) | -94.2% | -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 | FNUC | TRAW |
|---|---|---|
| 2022 | -60.4% | -74.5% |
| 2023 | -48.7% | +15.4% |
| 2024 | -17.9% | -52.6% |
| 2025 | -76.0% | -87.3% |
| 2026 | -43.3% | -48.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNUC and TRAW good diversifiers for each other?
Only partially. A correlation of 0.63 means FNUC and TRAW 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 TRAW?
As of 2026-08-27, the correlation of weekly returns between FNUC and TRAW is 0.63 over 3 years, -0.08 over 1 year and 0.54 over 5 years.
Is TRAW a good diversifier for FNUC?
Only partially. A correlation of 0.63 means FNUC and TRAW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
A reading of 0.63 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/fnuc-vs-traw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fnuc-vs-traw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNUC correlations · TRAW correlations
