ANGI vs UPWK: Correlation
Angi Inc. (ANGI) and Upwork Inc. (UPWK) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANGI and UPWK?
Over the past 3 years, ANGI and UPWK moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 1638.7 %².
Within ANGI's tracked universe of 16 assets, UPWK comes in at #7 by 3-year correlation. The last year tells two different stories: UPWK led by 33.6 percentage points, -73.3% for ANGI against -39.7% for UPWK.
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.
ANGI vs UPWK: side by side
| ANGI (Angi Inc.) | UPWK (Upwork Inc.) | |
|---|---|---|
| 1-year return | -73.3% | -39.7% |
| 5-year return | -95.6% | -79.8% |
| Volatility (ann.) | 67.2% | 51.1% |
| Beta vs S&P 500 | 1.62 | 1.34 |
| Max drawdown (3Y) | -85.6% | -64.5% |
| Market cap | $0.2B | $1.1B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANGI | UPWK |
|---|---|---|
| 2022 | -74.5% | -69.4% |
| 2023 | +6.0% | +42.4% |
| 2024 | -33.3% | +10.0% |
| 2025 | -22.1% | +21.2% |
| 2026 | -63.9% | -55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANGI and UPWK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ANGI and UPWK?
The ANGI/UPWK correlation stands at 0.48 on a 3-year window (1 year: 0.49, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is UPWK a good diversifier for ANGI?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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.
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Related comparisons
Hubs: ANGI correlations · UPWK correlations
