FPH vs NTRB: Correlation
How closely do Five Point Holdings, LLC Class A (FPH) and Nutriband Inc. (NTRB) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FPH and NTRB?
Over the past 3 years, FPH and NTRB moved with a correlation of 0.40, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.40 over 3 years. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 1877.3 %².
Among the 12 assets we track against FPH, NTRB ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FPH ahead by 18.6 points (-9.3% versus -27.9%). One caveat on sizing: NTRB is 2.4 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.
FPH vs NTRB: side by side
| FPH (Five Point Holdings, LLC Class A) | NTRB (Nutriband Inc.) | |
|---|---|---|
| 1-year return | -9.3% | -27.9% |
| 5-year return | -37.3% | -19.5% |
| Volatility (ann.) | 44.0% | 106.0% |
| Beta vs S&P 500 | 0.83 | 1.25 |
| Max drawdown (3Y) | -33.4% | -73.8% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | 7.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FPH | NTRB |
|---|---|---|
| 2022 | -64.4% | -58.3% |
| 2023 | +31.8% | -35.6% |
| 2024 | +23.1% | +103.0% |
| 2025 | +47.9% | -3.6% |
| 2026 | -8.8% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FPH and NTRB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FPH and NTRB?
As of 2026-08-27, the correlation of weekly returns between FPH and NTRB is 0.40 over 3 years, 0.18 over 1 year and 0.27 over 5 years.
Is NTRB a good diversifier for FPH?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/fph-vs-ntrb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fph-vs-ntrb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FPH correlations · NTRB correlations
