BETR vs UWMC: Correlation
Measured on weekly returns over the past three years, Better Home & Finance Holding Company (BETR) and UWM Holdings Corporation (UWMC) 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 BETR and UWMC?
Across a 3-year window, the weekly returns of BETR and UWMC correlate at 0.37, moderate. Recent behaviour matches the longer record: 0.35 over 1 year against 0.37 over 3. Stretching to 5 years gives 0.19, with an annualized covariance of 1974.8 %².
Within BETR's tracked universe of 12 assets, UWMC comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BETR outperformed by 39.5 percentage points (-31.5% for BETR against -71.0% for UWMC). Risk is not evenly split, since BETR carries 1.9 times the volatility of the other side.
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.
BETR vs UWMC: side by side
| BETR (Better Home & Finance Holding Company) | UWMC (UWM Holdings Corporation) | |
|---|---|---|
| 1-year return | -31.5% | -71.0% |
| 5-year return | -97.1% | -69.4% |
| Volatility (ann.) | 101.5% | 52.6% |
| Beta vs S&P 500 | 1.13 | 0.96 |
| Max drawdown (3Y) | -86.5% | -84.9% |
| Market cap | $0.3B | $4.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 27.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BETR | UWMC |
|---|---|---|
| 2022 | +1.9% | -38.0% |
| 2023 | -91.9% | +132.1% |
| 2024 | -78.2% | -13.0% |
| 2025 | +265.2% | -19.3% |
| 2026 | -55.2% | -63.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BETR and UWMC good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BETR and UWMC?
The BETR/UWMC correlation stands at 0.37 on a 3-year window (1 year: 0.35, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is UWMC a good diversifier for BETR?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/betr-vs-uwmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/betr-vs-uwmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BETR correlations · UWMC correlations
