AVA vs UGI: Correlation
Avista Corporation (AVA) and UGI Corporation (UGI) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVA and UGI?
Across a 3-year window, the weekly returns of AVA and UGI correlate at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 311.3 %².
Among the 20 assets we track against AVA, UGI ranks #9 by 3-year correlation. On 12-month performance UGI holds a 6.9-point edge, +6.9% against +13.8%.
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.
AVA vs UGI: side by side
| AVA (Avista Corporation) | UGI (UGI Corporation) | |
|---|---|---|
| 1-year return | +6.9% | +13.8% |
| 5-year return | +15.3% | +3.7% |
| Volatility (ann.) | 19.8% | 28.1% |
| Beta vs S&P 500 | 0.05 | 0.14 |
| Max drawdown (3Y) | -14.0% | -19.6% |
| Market cap | $3.2B | $8.2B |
| P/E (trailing) | 13.8 | 12.8 |
| Dividend yield | 5.15% | 3.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVA | UGI |
|---|---|---|
| 2022 | +8.8% | -16.1% |
| 2023 | -15.3% | -29.8% |
| 2024 | +7.8% | +21.9% |
| 2025 | +10.7% | +38.3% |
| 2026 | +1.6% | +4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVA and UGI good diversifiers for each other?
Only partially. A correlation of 0.56 means AVA and UGI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AVA and UGI?
The AVA/UGI correlation stands at 0.56 on a 3-year window (1 year: 0.47, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is UGI a good diversifier for AVA?
Only partially. A correlation of 0.56 means AVA and UGI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/ava-vs-ugi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ava-vs-ugi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVA correlations · UGI correlations
