ERIE vs UDR: Correlation
Measured on weekly returns over the past three years, Erie Indemnity (ERIE) and UDR, Inc. (UDR) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERIE and UDR?
Over the past 3 years, ERIE and UDR moved with a correlation of 0.41, which is moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 263.1 %².
Within ERIE's tracked universe of 33 assets, UDR comes in at #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with UDR ahead by 23.9 points (-24.5% versus -0.6%). Across three years, the rolling one-year figure varied moderately, from 0.04 to 0.53.
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.
ERIE vs UDR: side by side
| ERIE (Erie Indemnity) | UDR (UDR, Inc.) | |
|---|---|---|
| 1-year return | -24.5% | -0.6% |
| 5-year return | +61.3% | -15.5% |
| Volatility (ann.) | 30.3% | 21.1% |
| Beta vs S&P 500 | 0.37 | 0.54 |
| Max drawdown (3Y) | -60.9% | -24.9% |
| Market cap | $13.6B | $13.6B |
| P/E (trailing) | 23.4 | 23.9 |
| Dividend yield | 2.24% | 4.56% |
| Sector / category | Financials | Real Estate |
Year-by-year returns
| Year | ERIE | UDR |
|---|---|---|
| 2022 | +32.0% | -33.4% |
| 2023 | +37.3% | +3.1% |
| 2024 | +24.7% | +18.3% |
| 2025 | -29.4% | -11.8% |
| 2026 | -8.0% | +4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERIE and UDR good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ERIE and UDR?
As of 2026-08-27, the correlation of weekly returns between ERIE and UDR is 0.41 over 3 years, 0.41 over 1 year and 0.28 over 5 years.
Is UDR a good diversifier for ERIE?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/erie-vs-udr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/erie-vs-udr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ERIE correlations · UDR correlations
