SLDP vs WWR: Correlation
Measured on weekly returns over the past three years, Solid Power, Inc. (SLDP) and Westwater Resources, Inc. (WWR) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLDP and WWR?
Across a 3-year window, the weekly returns of SLDP and WWR correlate at 0.44, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.58 versus 0.44 over 3 years. Stretching to 5 years gives 0.41, with an annualized covariance of 4047.9 %².
By 3-year correlation, WWR places #11 of the 23 assets tracked against SLDP. Correlation aside, the last 12 months split them widely, with WWR ahead by 26.7 points (-46.4% versus -19.7%).
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.
SLDP vs WWR: side by side
| SLDP (Solid Power, Inc.) | WWR (Westwater Resources, Inc.) | |
|---|---|---|
| 1-year return | -46.4% | -19.7% |
| 5-year return | -76.1% | -84.4% |
| Volatility (ann.) | 87.4% | 104.7% |
| Beta vs S&P 500 | 1.88 | 0.77 |
| Max drawdown (3Y) | -76.5% | -88.8% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLDP | WWR |
|---|---|---|
| 2022 | -70.9% | -63.3% |
| 2023 | -42.9% | -29.1% |
| 2024 | +30.3% | +26.8% |
| 2025 | +124.9% | +5.6% |
| 2026 | -44.1% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLDP and WWR good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SLDP and WWR?
The SLDP/WWR correlation stands at 0.44 on a 3-year window (1 year: 0.58, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is WWR a good diversifier for SLDP?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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
$ curl https://www.pairbook.io/api/v1/pairs/sldp-vs-wwr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sldp-vs-wwr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SLDP correlations · WWR correlations
