EPSN vs UAL: Correlation
How closely do Epsilon Energy Ltd. (EPSN) and United Airlines Holdings (UAL) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPSN and UAL?
On 3 years of weekly data the EPSN/UAL correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.44 versus -0.22 over 3 years. The 5-year figure is -0.03, and annualized covariance runs at -314.9 %².
Out of 13 assets tracked against EPSN, UAL lands near the bottom at #9. Twelve-month performance is nearly a tie, at +4.6% for EPSN and +7.8% for UAL.
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.
EPSN vs UAL: side by side
| EPSN (Epsilon Energy Ltd.) | UAL (United Airlines Holdings) | |
|---|---|---|
| 1-year return | +4.6% | +7.8% |
| 5-year return | +42.0% | +144.8% |
| Volatility (ann.) | 31.1% | 46.6% |
| Beta vs S&P 500 | 0.12 | 1.33 |
| Max drawdown (3Y) | -48.1% | -49.2% |
| Market cap | $0.2B | $36.5B |
| P/E (trailing) | – | 10.8 |
| Dividend yield | 4.28% | 0.00% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | EPSN | UAL |
|---|---|---|
| 2022 | +21.4% | -13.9% |
| 2023 | -19.5% | +9.4% |
| 2024 | +28.2% | +135.3% |
| 2025 | -22.1% | +15.2% |
| 2026 | +30.2% | +0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPSN and UAL good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between EPSN and UAL?
As of 2026-08-27, the correlation of weekly returns between EPSN and UAL is -0.22 over 3 years, -0.44 over 1 year and -0.03 over 5 years.
Is UAL a good diversifier for EPSN?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/epsn-vs-ual.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/epsn-vs-ual/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EPSN correlations · UAL correlations
