AOUT vs UUU: Correlation
Measured on weekly returns over the past three years, American Outdoor Brands, Inc. (AOUT) and Universal Safety Products, Inc. (UUU) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOUT and UUU?
Over the past 3 years, AOUT and UUU moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.23). Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -1383.8 %².
Out of 10 assets tracked against AOUT, UUU lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months UUU outperformed by 86.3 percentage points (-2.2% for AOUT against +84.1% for UUU). One caveat on sizing: UUU is 2.5 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.
AOUT vs UUU: side by side
| AOUT (American Outdoor Brands, Inc.) | UUU (Universal Safety Products, Inc.) | |
|---|---|---|
| 1-year return | -2.2% | +84.1% |
| 5-year return | -62.4% | +5.9% |
| Volatility (ann.) | 48.7% | 122.8% |
| Beta vs S&P 500 | 0.91 | -0.54 |
| Max drawdown (3Y) | -64.2% | -77.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOUT | UUU |
|---|---|---|
| 2022 | -49.7% | -40.3% |
| 2023 | -16.2% | -18.2% |
| 2024 | +81.4% | +42.8% |
| 2025 | -49.3% | +158.6% |
| 2026 | +34.0% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOUT and UUU good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AOUT and UUU?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.37 over the last year and -0.14 over 5 years.
Is UUU a good diversifier for AOUT?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aout-vs-uuu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aout-vs-uuu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AOUT correlations · UUU correlations
