NUAI vs PEPG: Correlation
How closely do New Era Energy & Digital, Inc. (NUAI) and PepGen Inc. (PEPG) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NUAI and PEPG?
On 3 years of weekly data the NUAI/PEPG correlation comes out at 0.47, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.47 over 3 years. The 5-year figure is 0.42, and annualized covariance runs at 14150.2 %².
Within NUAI's tracked universe of 14 assets, PEPG comes in at #7 by 3-year correlation. The last year tells two different stories: NUAI led by 778.4 percentage points, +926.0% for NUAI against +147.6% for PEPG.
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.
NUAI vs PEPG: side by side
| NUAI (New Era Energy & Digital, Inc.) | PEPG (PepGen Inc.) | |
|---|---|---|
| 1-year return | +926.0% | +147.6% |
| 5-year return | -47.8% | -76.2% |
| Volatility (ann.) | 179.9% | 168.3% |
| Beta vs S&P 500 | 1.47 | 1.20 |
| Max drawdown (3Y) | -97.2% | -94.6% |
| Market cap | $0.5B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NUAI | PEPG |
|---|---|---|
| 2023 | +5.1% | -49.1% |
| 2024 | -43.6% | -44.3% |
| 2025 | -51.2% | +71.8% |
| 2026 | +75.1% | -52.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NUAI and PEPG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NUAI and PEPG?
As of 2026-08-27, the correlation of weekly returns between NUAI and PEPG is 0.47 over 3 years, 0.67 over 1 year and 0.42 over 5 years.
Is PEPG a good diversifier for NUAI?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NUAI correlations · PEPG correlations
