USAR vs WFC: Correlation
USA Rare Earth, Inc. (USAR) and Wells Fargo (WFC) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are USAR and WFC?
Over the past 3 years, USAR and WFC moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.19 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -563.2 %².
By 3-year correlation, WFC places #19 of the 34 assets tracked against USAR. The last year tells two different stories: USAR led by 17.5 percentage points, +22.7% for USAR against +5.2% for WFC. One caveat on sizing: USAR is 3.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
USAR vs WFC: side by side
| USAR (USA Rare Earth, Inc.) | WFC (Wells Fargo) | |
|---|---|---|
| 1-year return | +22.7% | +5.2% |
| 5-year return | n/a | +98.3% |
| Volatility (ann.) | 98.3% | 29.7% |
| Beta vs S&P 500 | -0.14 | 0.98 |
| Max drawdown (3Y) | -69.2% | -24.7% |
| Market cap | $4.7B | $256.9B |
| P/E (trailing) | – | 12.4 |
| Dividend yield | 0.00% | 2.11% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | USAR | WFC |
|---|---|---|
| 2022 | – | -11.9% |
| 2023 | – | +22.9% |
| 2024 | +11.1% | +46.5% |
| 2025 | +3.7% | +35.6% |
| 2026 | +61.8% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are USAR and WFC good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between USAR and WFC?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.22 over the last year and n/a over 5 years.
Is WFC a good diversifier for USAR?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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.
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Related comparisons
Hubs: USAR correlations · WFC correlations
