CCOI vs UWMC: Correlation
Cogent Communications Holdings, Inc. (CCOI) and UWM Holdings Corporation (UWMC) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCOI and UWMC?
Over the past 3 years, CCOI and UWMC moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 1216.4 %².
In CCOI's tracked universe of 13 assets, UWMC sits right near the top at #3. Twelve-month performance is nearly a tie, at -74.3% for CCOI and -71.0% for UWMC.
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.
CCOI vs UWMC: side by side
| CCOI (Cogent Communications Holdings, Inc.) | UWMC (UWM Holdings Corporation) | |
|---|---|---|
| 1-year return | -74.3% | -71.0% |
| 5-year return | -83.0% | -69.4% |
| Volatility (ann.) | 63.2% | 52.6% |
| Beta vs S&P 500 | 0.57 | 0.96 |
| Max drawdown (3Y) | -88.3% | -84.9% |
| Market cap | $0.5B | $4.2B |
| P/E (trailing) | – | – |
| Dividend yield | 10.70% | 27.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCOI | UWMC |
|---|---|---|
| 2022 | -17.2% | -38.0% |
| 2023 | +41.2% | +132.1% |
| 2024 | +7.2% | -13.0% |
| 2025 | -70.1% | -19.3% |
| 2026 | -55.0% | -63.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCOI 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 CCOI and UWMC?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.41 over the last year and 0.33 over 5 years.
Is UWMC a good diversifier for CCOI?
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?
A reading of 0.37 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/ccoi-vs-uwmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccoi-vs-uwmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCOI correlations · UWMC correlations
