FNUC vs WIMI: Correlation
Frontier Nuclear and Minerals Inc. (FNUC) and WiMi Hologram Cloud Inc. - Class B (WIMI) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNUC and WIMI?
Across a 3-year window, the weekly returns of FNUC and WIMI correlate at 0.58, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 16822.9 %².
Among the 26 assets we track against FNUC, WIMI ranks #10 by 3-year correlation. On 12-month performance FNUC holds a 5.8-point edge, -59.1% against -64.9%. One caveat on sizing: FNUC is 2.0 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 WIMI: side by side
| FNUC (Frontier Nuclear and Minerals Inc.) | WIMI (WiMi Hologram Cloud Inc. - Class B) | |
|---|---|---|
| 1-year return | -59.1% | -64.9% |
| 5-year return | -99.0% | -96.7% |
| Volatility (ann.) | 237.4% | 121.5% |
| Beta vs S&P 500 | 1.55 | 1.79 |
| Max drawdown (3Y) | -94.2% | -95.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 0.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNUC | WIMI |
|---|---|---|
| 2022 | -60.4% | -75.7% |
| 2023 | -48.7% | +9.5% |
| 2024 | -17.9% | +128.4% |
| 2025 | -76.0% | -87.2% |
| 2026 | -43.3% | -42.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNUC and WIMI good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FNUC and WIMI?
The FNUC/WIMI correlation stands at 0.58 on a 3-year window (1 year: 0.60, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is WIMI a good diversifier for FNUC?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: FNUC correlations · WIMI correlations
