DE vs UNP: Correlation
Deere & Company (DE) and Union Pacific Corporation (UNP) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and UNP?
On 3 years of weekly data the DE/UNP correlation comes out at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.39 versus 0.50 over 3 years. The 5-year figure is 0.50, and annualized covariance runs at 276.7 %².
Within DE's tracked universe of 33 assets, UNP comes in at #18 by 3-year correlation. The trailing year gives UNP the advantage: +27.9% versus +42.4%, a 14.5-point spread. The rolling one-year correlation moved between 0.35 and 0.65 over the past three years, a moderate range.
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.
DE vs UNP: side by side
| DE (Deere & Company) | UNP (Union Pacific Corporation) | |
|---|---|---|
| 1-year return | +27.9% | +42.4% |
| 5-year return | +74.5% | +56.5% |
| Volatility (ann.) | 26.7% | 20.6% |
| Beta vs S&P 500 | 0.65 | 0.56 |
| Max drawdown (3Y) | -19.9% | -17.8% |
| Market cap | $168.1B | $182.8B |
| P/E (trailing) | 35.2 | 25.1 |
| Dividend yield | 1.02% | 1.78% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | DE | UNP |
|---|---|---|
| 2022 | +26.6% | -15.9% |
| 2023 | -5.5% | +21.6% |
| 2024 | +7.6% | -5.1% |
| 2025 | +11.4% | +3.9% |
| 2026 | +34.5% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DE and UNP good diversifiers for each other?
Only partially. A correlation of 0.50 means DE and UNP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DE and UNP?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.39 over the last year and 0.50 over 5 years.
Is UNP a good diversifier for DE?
Only partially. A correlation of 0.50 means DE and UNP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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/de-vs-unp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/de-vs-unp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DE correlations · UNP correlations
