CLPS vs UTI: Correlation
Measured on weekly returns over the past three years, CLPS Incorporation (CLPS) and Universal Technical Institute Inc (UTI) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPS and UTI?
Over the past 3 years, CLPS and UTI moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.42) than the 3-year average (-0.27). Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -812.0 %².
Out of 10 assets tracked against CLPS, UTI lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with CLPS ahead by 23.1 points (+2.9% versus -20.2%).
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.
CLPS vs UTI: side by side
| CLPS (CLPS Incorporation) | UTI (Universal Technical Institute Inc) | |
|---|---|---|
| 1-year return | +2.9% | -20.2% |
| 5-year return | -61.2% | +211.1% |
| Volatility (ann.) | 56.0% | 54.6% |
| Beta vs S&P 500 | 0.17 | 0.64 |
| Max drawdown (3Y) | -50.4% | -57.8% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 36.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLPS | UTI |
|---|---|---|
| 2022 | -40.3% | -14.1% |
| 2023 | +0.7% | +86.3% |
| 2024 | +22.7% | +105.4% |
| 2025 | -31.4% | +1.6% |
| 2026 | +33.3% | -17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPS and UTI good diversifiers for each other?
Yes. With a correlation of -0.27, CLPS and UTI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CLPS and UTI?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.42 over the last year and -0.15 over 5 years.
Is UTI a good diversifier for CLPS?
Yes. With a correlation of -0.27, CLPS and UTI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 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/clps-vs-uti.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clps-vs-uti/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLPS correlations · UTI correlations
