AAP vs UFI: Correlation
Measured on weekly returns over the past three years, Advance Auto Parts Inc. (AAP) and Unifi, Inc. New (UFI) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAP and UFI?
Across a 3-year window, the weekly returns of AAP and UFI correlate at -0.17, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Stretching to 5 years gives 0.01, with an annualized covariance of -458.7 %².
Out of 11 assets tracked against AAP, UFI lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with UFI ahead by 96.4 points (-26.7% versus +69.7%).
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.
AAP vs UFI: side by side
| AAP (Advance Auto Parts Inc.) | UFI (Unifi, Inc. New) | |
|---|---|---|
| 1-year return | -26.7% | +69.7% |
| 5-year return | -75.5% | -65.5% |
| Volatility (ann.) | 57.4% | 47.6% |
| Beta vs S&P 500 | 0.80 | 0.44 |
| Max drawdown (3Y) | -64.2% | -61.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | 24.7 | – |
| Dividend yield | 2.27% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAP | UFI |
|---|---|---|
| 2022 | -36.5% | -62.8% |
| 2023 | -57.6% | -22.6% |
| 2024 | -21.1% | -6.2% |
| 2025 | -15.0% | -44.0% |
| 2026 | +12.8% | +115.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAP and UFI good diversifiers for each other?
Yes. With a correlation of -0.17, AAP and UFI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AAP and UFI?
As of 2026-08-27, the correlation of weekly returns between AAP and UFI is -0.17 over 3 years, -0.27 over 1 year and 0.01 over 5 years.
Is UFI a good diversifier for AAP?
Yes. With a correlation of -0.17, AAP and UFI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/aap-vs-ufi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aap-vs-ufi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AAP correlations · UFI correlations
