FUSE vs PROP: Correlation
How closely do Fusemachines Inc. (FUSE) and Prairie Operating Co. (PROP) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUSE and PROP?
Over the past 3 years, FUSE and PROP moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.44) runs below the 3-year figure (-0.24). Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -2739.1 %².
PROP is close to the least connected end of FUSE's tracked universe, ranking #11 of 15. Correlation aside, the last 12 months split them widely, with PROP ahead by 16.1 points (-94.6% versus -78.5%).
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.
FUSE vs PROP: side by side
| FUSE (Fusemachines Inc.) | PROP (Prairie Operating Co.) | |
|---|---|---|
| 1-year return | -94.6% | -78.5% |
| 5-year return | -92.2% | -99.1% |
| Volatility (ann.) | 111.4% | 101.6% |
| Beta vs S&P 500 | 0.31 | 1.03 |
| Max drawdown (3Y) | -96.0% | -97.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUSE | PROP |
|---|---|---|
| 2022 | – | -98.2% |
| 2023 | +7.6% | +498.8% |
| 2024 | +5.6% | -27.2% |
| 2025 | -85.7% | -75.6% |
| 2026 | -53.8% | -68.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUSE and PROP good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FUSE and PROP?
As of 2026-08-27, the correlation of weekly returns between FUSE and PROP is -0.24 over 3 years, -0.44 over 1 year and -0.14 over 5 years.
Is PROP a good diversifier for FUSE?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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: FUSE correlations · PROP correlations
