CRMT vs UPBD: Correlation
America's Car-Mart, Inc. (CRMT) and Upbound Group, Inc. (UPBD) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRMT and UPBD?
Over the past 3 years, CRMT and UPBD moved with a correlation of 0.44, which is moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 1423.0 %².
In CRMT's tracked universe of 13 assets, UPBD sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months UPBD outperformed by 75.3 percentage points (-95.1% for CRMT against -19.8% for UPBD). Risk is not evenly split, since CRMT 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.
CRMT vs UPBD: side by side
| CRMT (America's Car-Mart, Inc.) | UPBD (Upbound Group, Inc.) | |
|---|---|---|
| 1-year return | -95.1% | -19.8% |
| 5-year return | -98.2% | -60.7% |
| Volatility (ann.) | 78.3% | 41.4% |
| Beta vs S&P 500 | 1.85 | 1.23 |
| Max drawdown (3Y) | -98.2% | -54.2% |
| Market cap | – | $1.1B |
| P/E (trailing) | – | 12.6 |
| Dividend yield | 0.00% | 8.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRMT | UPBD |
|---|---|---|
| 2022 | -29.4% | -49.9% |
| 2023 | +4.9% | +57.9% |
| 2024 | -32.4% | -10.1% |
| 2025 | -50.7% | -35.4% |
| 2026 | -90.9% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRMT and UPBD good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRMT and UPBD?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.42 over the last year and 0.43 over 5 years.
Is UPBD a good diversifier for CRMT?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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/crmt-vs-upbd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crmt-vs-upbd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRMT correlations · UPBD correlations
