EMBC vs ULH: Correlation
Measured on weekly returns over the past three years, Embecta Corp. (EMBC) and Universal Logistics Holdings, Inc. (ULH) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMBC and ULH?
On 3 years of weekly data the EMBC/ULH correlation comes out at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.46 over 3 years. The 5-year figure is 0.40, and annualized covariance runs at 2263.2 %².
Few assets follow EMBC as closely as ULH, which ranks #3 of 15 tracked partners. The last year tells two different stories: ULH led by 38.5 percentage points, -64.5% for EMBC against -26.0% for ULH.
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.
EMBC vs ULH: side by side
| EMBC (Embecta Corp.) | ULH (Universal Logistics Holdings, Inc.) | |
|---|---|---|
| 1-year return | -64.5% | -26.0% |
| 5-year return | -87.8% | -5.6% |
| Volatility (ann.) | 72.4% | 68.3% |
| Beta vs S&P 500 | 0.91 | 1.46 |
| Max drawdown (3Y) | -85.3% | -76.1% |
| Market cap | $0.3B | $0.5B |
| P/E (trailing) | 3.4 | – |
| Dividend yield | 9.29% | 2.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EMBC | ULH |
|---|---|---|
| 2022 | – | +79.9% |
| 2023 | -23.1% | -14.9% |
| 2024 | +13.6% | +65.6% |
| 2025 | -39.6% | -66.3% |
| 2026 | -57.4% | +26.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMBC and ULH good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EMBC and ULH?
The EMBC/ULH correlation stands at 0.46 on a 3-year window (1 year: 0.59, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is ULH a good diversifier for EMBC?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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/embc-vs-ulh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/embc-vs-ulh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EMBC correlations · ULH correlations
