NNE vs PRLD: Correlation
Measured on weekly returns over the past three years, Nano Nuclear Energy Inc. (NNE) and Prelude Therapeutics Incorporated (PRLD) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NNE and PRLD?
On 3 years of weekly data the NNE/PRLD correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -3432.6 %².
Out of 18 assets tracked against NNE, PRLD lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months PRLD outperformed by 436.8 percentage points (-41.5% for NNE against +395.3% for PRLD).
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.
NNE vs PRLD: side by side
| NNE (Nano Nuclear Energy Inc.) | PRLD (Prelude Therapeutics Incorporated) | |
|---|---|---|
| 1-year return | -41.5% | +395.3% |
| 5-year return | n/a | -82.8% |
| Volatility (ann.) | 155.1% | 109.9% |
| Beta vs S&P 500 | 4.18 | 1.35 |
| Max drawdown (3Y) | -77.7% | -90.4% |
| Market cap | $1.0B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NNE | PRLD |
|---|---|---|
| 2022 | – | -51.5% |
| 2023 | – | -29.3% |
| 2024 | – | -70.1% |
| 2025 | -3.6% | +127.5% |
| 2026 | -19.9% | +118.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NNE and PRLD good diversifiers for each other?
Yes. With a correlation of -0.21, NNE and PRLD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NNE and PRLD?
The NNE/PRLD correlation stands at -0.21 on a 3-year window (1 year: -0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PRLD a good diversifier for NNE?
Yes. With a correlation of -0.21, NNE and PRLD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/nne-vs-prld.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nne-vs-prld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NNE correlations · PRLD correlations
