DPRO vs UAVS: Correlation
Measured on weekly returns over the past three years, Draganfly Inc. (DPRO) and AgEagle Aerial Systems, Inc. (UAVS) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPRO and UAVS?
Over the past 3 years, DPRO and UAVS moved with a correlation of 0.51, which is moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 8715.3 %².
UAVS is one of the assets that tracks DPRO most closely: it ranks #1 out of the 12 assets we track against DPRO. Their recent paths diverged sharply: over the last 12 months DPRO outperformed by 37.1 percentage points (-5.2% for DPRO against -42.3% for UAVS).
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.
DPRO vs UAVS: side by side
| DPRO (Draganfly Inc.) | UAVS (AgEagle Aerial Systems, Inc.) | |
|---|---|---|
| 1-year return | -5.2% | -42.3% |
| 5-year return | -93.9% | -100.0% |
| Volatility (ann.) | 118.7% | 145.0% |
| Beta vs S&P 500 | 2.21 | 2.34 |
| Max drawdown (3Y) | -92.7% | -99.7% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DPRO | UAVS |
|---|---|---|
| 2022 | -54.0% | -77.7% |
| 2023 | -36.0% | -71.4% |
| 2024 | -66.6% | -96.5% |
| 2025 | +72.3% | -76.7% |
| 2026 | -36.8% | +38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPRO and UAVS good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DPRO and UAVS?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.59 over the last year and 0.45 over 5 years.
Is UAVS a good diversifier for DPRO?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 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/dpro-vs-uavs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dpro-vs-uavs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DPRO correlations · UAVS correlations
