FUND vs REX: Correlation
Measured on weekly returns over the past three years, Sprott Focus Trust, Inc. - Closed End Fund (FUND) and REX American Resources Corporation (REX) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUND and REX?
On 3 years of weekly data the FUND/REX correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 308.9 %².
Among the 32 assets we track against FUND, REX ranks #25 by 3-year correlation. Neither side won the trailing year by much: +39.1% against +34.7%. Note the risk asymmetry: REX runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FUND vs REX: side by side
| FUND (Sprott Focus Trust, Inc. - Closed End Fund) | REX (REX American Resources Corporation) | |
|---|---|---|
| 1-year return | +39.1% | +34.7% |
| 5-year return | +83.0% | +190.5% |
| Volatility (ann.) | 17.9% | 40.2% |
| Beta vs S&P 500 | 0.77 | 0.44 |
| Max drawdown (3Y) | -18.2% | -41.6% |
| Market cap | $0.3B | $1.3B |
| P/E (trailing) | 5.8 | 15.2 |
| Dividend yield | 5.36% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUND | REX |
|---|---|---|
| 2022 | -1.2% | -0.4% |
| 2023 | +6.9% | +48.5% |
| 2024 | -1.0% | -11.9% |
| 2025 | +27.5% | +55.0% |
| 2026 | +26.8% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUND and REX good diversifiers for each other?
Reasonably. At 0.43, FUND and REX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FUND and REX?
The FUND/REX correlation stands at 0.43 on a 3-year window (1 year: 0.34, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is REX a good diversifier for FUND?
Reasonably. At 0.43, FUND and REX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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
$ curl https://www.pairbook.io/api/v1/pairs/fund-vs-rex.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fund-vs-rex/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FUND correlations · REX correlations
