GP vs NNE: Correlation
Measured on weekly returns over the past three years, GreenPower Motor Company Inc. (GP) and Nano Nuclear Energy Inc. (NNE) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GP and NNE?
Over the past 3 years, GP and NNE moved with a correlation of 0.39, which is moderate. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.39). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 6989.4 %².
In GP's tracked universe of 12 assets, NNE sits right near the top at #2. Correlation aside, the last 12 months split them widely, with NNE ahead by 19.8 points (-61.3% versus -41.5%).
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.
GP vs NNE: side by side
| GP (GreenPower Motor Company Inc.) | NNE (Nano Nuclear Energy Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -41.5% |
| 5-year return | -99.0% | n/a |
| Volatility (ann.) | 104.8% | 155.1% |
| Beta vs S&P 500 | 1.76 | 4.18 |
| Max drawdown (3Y) | -98.0% | -77.7% |
| Market cap | – | $1.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GP | NNE |
|---|---|---|
| 2022 | -81.8% | – |
| 2023 | +80.9% | – |
| 2024 | -75.4% | – |
| 2025 | -89.9% | -3.6% |
| 2026 | +71.8% | -19.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GP and NNE good diversifiers for each other?
Reasonably. At 0.39, GP and NNE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GP and NNE?
The GP/NNE correlation stands at 0.39 on a 3-year window (1 year: 0.28, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NNE a good diversifier for GP?
Reasonably. At 0.39, GP and NNE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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/gp-vs-nne.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gp-vs-nne/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GP correlations · NNE correlations
