FTI vs USAR: Correlation
TechnipFMC plc (FTI) and USA Rare Earth, Inc. (USAR) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTI and USAR?
Across a 3-year window, the weekly returns of FTI and USAR correlate at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -842.4 %².
USAR is close to the least connected end of FTI's tracked universe, ranking #12 of 14. The last year tells two different stories: FTI led by 86.7 percentage points, +109.4% for FTI against +22.7% for USAR. One caveat on sizing: USAR is 2.7 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.
FTI vs USAR: side by side
| FTI (TechnipFMC plc) | USAR (USA Rare Earth, Inc.) | |
|---|---|---|
| 1-year return | +109.4% | +22.7% |
| 5-year return | +1078.9% | n/a |
| Volatility (ann.) | 36.4% | 98.3% |
| Beta vs S&P 500 | 0.70 | -0.14 |
| Max drawdown (3Y) | -28.9% | -69.2% |
| Market cap | $29.9B | $4.7B |
| P/E (trailing) | 26.5 | – |
| Dividend yield | 0.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTI | USAR |
|---|---|---|
| 2022 | +105.9% | – |
| 2023 | +66.1% | – |
| 2024 | +44.8% | +11.1% |
| 2025 | +54.9% | +3.7% |
| 2026 | +71.6% | +61.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTI and USAR good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between FTI and USAR?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.26 over the last year and n/a over 5 years.
Is USAR a good diversifier for FTI?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/fti-vs-usar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fti-vs-usar/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FTI correlations · USAR correlations
