AAON vs UCTT: Correlation
Measured on weekly returns over the past three years, AAON, Inc. (AAON) and Ultra Clean Holdings, Inc. (UCTT) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAON and UCTT?
On 3 years of weekly data the AAON/UCTT correlation comes out at 0.53, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.53 over 3. The 5-year figure is 0.50, and annualized covariance runs at 1814.6 %².
Among the 11 assets we track against AAON, UCTT ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UCTT outperformed by 219.0 percentage points (-7.4% for AAON against +211.6% for UCTT).
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.
AAON vs UCTT: side by side
| AAON (AAON, Inc.) | UCTT (Ultra Clean Holdings, Inc.) | |
|---|---|---|
| 1-year return | -7.4% | +211.6% |
| 5-year return | +73.5% | +57.9% |
| Volatility (ann.) | 54.9% | 62.8% |
| Beta vs S&P 500 | 1.58 | 2.28 |
| Max drawdown (3Y) | -48.9% | -68.2% |
| Market cap | $6.4B | $3.4B |
| P/E (trailing) | 42.0 | – |
| Dividend yield | 0.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAON | UCTT |
|---|---|---|
| 2022 | -4.6% | -42.2% |
| 2023 | +47.9% | +3.0% |
| 2024 | +59.9% | +5.3% |
| 2025 | -34.9% | -29.5% |
| 2026 | +2.7% | +195.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAON and UCTT good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AAON and UCTT?
The AAON/UCTT correlation stands at 0.53 on a 3-year window (1 year: 0.55, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is UCTT a good diversifier for AAON?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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/aaon-vs-uctt.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AAON correlations · UCTT correlations
