AMP vs UUU: Correlation
How closely do Ameriprise Financial (AMP) and Universal Safety Products, Inc. (UUU) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and UUU?
Across a 3-year window, the weekly returns of AMP and UUU correlate at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.18 over 3 years. Stretching to 5 years gives -0.06, with an annualized covariance of -559.9 %².
Within AMP's tracked universe of 34 assets, UUU comes in at #29 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UUU outperformed by 75.4 percentage points (+8.7% for AMP against +84.1% for UUU). Note the risk asymmetry: UUU runs 4.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AMP vs UUU: side by side
| AMP (Ameriprise Financial) | UUU (Universal Safety Products, Inc.) | |
|---|---|---|
| 1-year return | +8.7% | +84.1% |
| 5-year return | +119.2% | +5.9% |
| Volatility (ann.) | 25.0% | 122.8% |
| Beta vs S&P 500 | 1.09 | -0.54 |
| Max drawdown (3Y) | -26.4% | -77.3% |
| Market cap | $49.1B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 1.16% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AMP | UUU |
|---|---|---|
| 2022 | +5.0% | -40.3% |
| 2023 | +24.0% | -18.2% |
| 2024 | +42.1% | +42.8% |
| 2025 | -6.7% | +158.6% |
| 2026 | +14.5% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and UUU good diversifiers for each other?
Yes. With a correlation of -0.18, AMP and UUU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMP and UUU?
The AMP/UUU correlation stands at -0.18 on a 3-year window (1 year: -0.34, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is UUU a good diversifier for AMP?
Yes. With a correlation of -0.18, AMP and UUU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 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/amp-vs-uuu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amp-vs-uuu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMP correlations · UUU correlations
