CAPR vs ULS: Correlation
How closely do Capricor Therapeutics, Inc. (CAPR) and UL Solutions Inc. (ULS) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAPR and ULS?
Over the past 3 years, CAPR and ULS moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.28 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -3004.4 %².
Among the 17 assets we track against CAPR, ULS sits near the bottom by co-movement, at rank #13. The last year tells two different stories: CAPR led by 40.7 percentage points, +61.0% for CAPR against +20.3% for ULS. One caveat on sizing: CAPR is 7.7 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.
CAPR vs ULS: side by side
| CAPR (Capricor Therapeutics, Inc.) | ULS (UL Solutions Inc.) | |
|---|---|---|
| 1-year return | +61.0% | +20.3% |
| 5-year return | +132.9% | n/a |
| Volatility (ann.) | 272.5% | 35.3% |
| Beta vs S&P 500 | 2.07 | 0.47 |
| Max drawdown (3Y) | -89.1% | -29.4% |
| Market cap | $0.6B | $15.3B |
| P/E (trailing) | – | 30.3 |
| Dividend yield | 0.00% | 0.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAPR | ULS |
|---|---|---|
| 2022 | +31.7% | – |
| 2023 | +26.7% | – |
| 2024 | +182.2% | – |
| 2025 | +109.1% | +59.3% |
| 2026 | -65.1% | -3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAPR and ULS good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between CAPR and ULS?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.41 over the last year and n/a over 5 years.
Is ULS a good diversifier for CAPR?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CAPR correlations · ULS correlations
