AXGN vs UBER: Correlation
Measured on weekly returns over the past three years, Axogen, Inc. (AXGN) and Uber (UBER) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXGN and UBER?
Across a 3-year window, the weekly returns of AXGN and UBER correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. Stretching to 5 years gives 0.30, with an annualized covariance of 870.0 %².
Few assets follow AXGN as closely as UBER, which ranks #3 of 14 tracked partners. Their recent paths diverged sharply: over the last 12 months AXGN outperformed by 239.8 percentage points (+220.5% for AXGN against -19.3% for UBER). Note the risk asymmetry: AXGN runs 1.7 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.
AXGN vs UBER: side by side
| AXGN (Axogen, Inc.) | UBER (Uber) | |
|---|---|---|
| 1-year return | +220.5% | -19.3% |
| 5-year return | +213.9% | +94.4% |
| Volatility (ann.) | 63.3% | 36.7% |
| Beta vs S&P 500 | 1.11 | 1.34 |
| Max drawdown (3Y) | -53.8% | -34.1% |
| Market cap | $2.8B | $157.2B |
| P/E (trailing) | – | 17.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | AXGN | UBER |
|---|---|---|
| 2022 | +6.5% | -41.0% |
| 2023 | -31.6% | +149.0% |
| 2024 | +141.3% | -2.0% |
| 2025 | +98.6% | +35.5% |
| 2026 | +58.1% | -5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXGN and UBER good diversifiers for each other?
Reasonably. At 0.37, AXGN and UBER keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AXGN and UBER?
The AXGN/UBER correlation stands at 0.37 on a 3-year window (1 year: 0.33, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is UBER a good diversifier for AXGN?
Reasonably. At 0.37, AXGN and UBER keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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/axgn-vs-uber.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axgn-vs-uber/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXGN correlations · UBER correlations
