DUK vs UBER: Correlation
Measured on weekly returns over the past three years, Duke Energy (DUK) and Uber (UBER) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUK and UBER?
Over the past 3 years, DUK and UBER moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.17). Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -101.4 %².
Within DUK's tracked universe of 53 assets, UBER comes in at #26 by 3-year correlation. The last year tells two different stories: DUK led by 20.4 percentage points, +1.1% for DUK against -19.3% for UBER. The relationship is regime-dependent: the rolling one-year correlation swung between -0.33 and 0.19 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: UBER runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DUK vs UBER: side by side
| DUK (Duke Energy) | UBER (Uber) | |
|---|---|---|
| 1-year return | +1.1% | -19.3% |
| 5-year return | +39.8% | +94.4% |
| Volatility (ann.) | 15.9% | 36.7% |
| Beta vs S&P 500 | -0.09 | 1.34 |
| Max drawdown (3Y) | -11.6% | -34.1% |
| Market cap | $94.2B | $157.2B |
| P/E (trailing) | 18.3 | 17.2 |
| Dividend yield | 3.49% | 0.00% |
| Sector / category | Utilities | Industrials |
Year-by-year returns
| Year | DUK | UBER |
|---|---|---|
| 2022 | +2.0% | -41.0% |
| 2023 | -1.6% | +149.0% |
| 2024 | +15.6% | -2.0% |
| 2025 | +12.7% | +35.5% |
| 2026 | +5.8% | -5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUK and UBER good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DUK and UBER?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.37 over the last year and -0.06 over 5 years.
Is UBER a good diversifier for DUK?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/duk-vs-uber.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/duk-vs-uber/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DUK correlations · UBER correlations
