TMQ vs WWR: Correlation
Trilogy Metals Inc. (TMQ) and Westwater Resources, Inc. (WWR) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TMQ and WWR?
On 3 years of weekly data the TMQ/WWR correlation comes out at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.61 versus 0.46 over 3 years. The 5-year figure is 0.42, and annualized covariance runs at 6292.6 %².
Within TMQ's tracked universe of 23 assets, WWR comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TMQ ahead by 146.0 points (+126.3% 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.
TMQ vs WWR: side by side
| TMQ (Trilogy Metals Inc.) | WWR (Westwater Resources, Inc.) | |
|---|---|---|
| 1-year return | +126.3% | -19.7% |
| 5-year return | +85.3% | -84.4% |
| Volatility (ann.) | 131.6% | 104.7% |
| Beta vs S&P 500 | 0.28 | 0.77 |
| Max drawdown (3Y) | -72.5% | -88.8% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TMQ | WWR |
|---|---|---|
| 2022 | -66.7% | -63.3% |
| 2023 | -21.8% | -29.1% |
| 2024 | +169.8% | +26.8% |
| 2025 | +271.6% | +5.6% |
| 2026 | -12.3% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TMQ and WWR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TMQ and WWR?
The TMQ/WWR correlation stands at 0.46 on a 3-year window (1 year: 0.61, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is WWR a good diversifier for TMQ?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/tmq-vs-wwr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tmq-vs-wwr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TMQ correlations · WWR correlations
