MP vs UUUU: Correlation
How closely do MP Materials Corp. (MP) and Energy Fuels Inc (UUUU) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MP and UUUU?
Over the past 3 years, MP and UUUU moved with a correlation of 0.51, which is moderate. The past 12 months show a tighter link (0.72) than the 3-year average (0.51). Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 2460.8 %².
UUUU is one of the assets that tracks MP most closely: it ranks #1 out of the 13 assets we track against MP. Their recent paths diverged sharply: over the last 12 months UUUU outperformed by 55.4 percentage points (-17.3% for MP against +38.1% for UUUU).
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.
MP vs UUUU: side by side
| MP (MP Materials Corp.) | UUUU (Energy Fuels Inc) | |
|---|---|---|
| 1-year return | -17.3% | +38.1% |
| 5-year return | +76.6% | +207.4% |
| Volatility (ann.) | 69.3% | 70.3% |
| Beta vs S&P 500 | 0.90 | 1.46 |
| Max drawdown (3Y) | -61.4% | -61.5% |
| Market cap | $10.5B | $3.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MP | UUUU |
|---|---|---|
| 2022 | -46.5% | -18.6% |
| 2023 | -18.2% | +15.8% |
| 2024 | -21.4% | -28.7% |
| 2025 | +223.8% | +183.4% |
| 2026 | +16.8% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MP and UUUU good diversifiers for each other?
Only partially. A correlation of 0.51 means MP and UUUU share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MP and UUUU?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.72 over the last year and 0.52 over 5 years.
Is UUUU a good diversifier for MP?
Only partially. A correlation of 0.51 means MP and UUUU share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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/mp-vs-uuuu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mp-vs-uuuu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MP correlations · UUUU correlations
