DLTH vs UUU: Correlation
Duluth Holdings Inc. (DLTH) and Universal Safety Products, Inc. (UUU) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLTH and UUU?
Across a 3-year window, the weekly returns of DLTH and UUU correlate at 0.38, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.51 versus 0.38 over 3 years. Stretching to 5 years gives 0.33, with an annualized covariance of 3257.4 %².
Among the 11 assets we track against DLTH, UUU ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with UUU ahead by 21.8 points (+62.3% versus +84.1%). Risk is not evenly split, since UUU carries 1.8 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.
DLTH vs UUU: side by side
| DLTH (Duluth Holdings Inc.) | UUU (Universal Safety Products, Inc.) | |
|---|---|---|
| 1-year return | +62.3% | +84.1% |
| 5-year return | -76.9% | +5.9% |
| Volatility (ann.) | 69.4% | 122.8% |
| Beta vs S&P 500 | 0.64 | -0.54 |
| Max drawdown (3Y) | -77.4% | -77.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DLTH | UUU |
|---|---|---|
| 2022 | -59.3% | -40.3% |
| 2023 | -12.9% | -18.2% |
| 2024 | -42.6% | +42.8% |
| 2025 | -32.7% | +158.6% |
| 2026 | +77.9% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLTH and UUU good diversifiers for each other?
Reasonably. At 0.38, DLTH and UUU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DLTH and UUU?
The DLTH/UUU correlation stands at 0.38 on a 3-year window (1 year: 0.51, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is UUU a good diversifier for DLTH?
Reasonably. At 0.38, DLTH and UUU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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/dlth-vs-uuu.json
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[](https://www.pairbook.io/pair/dlth-vs-uuu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DLTH correlations · UUU correlations
