ERIE vs UPXI: Correlation
Measured on weekly returns over the past three years, Erie Indemnity (ERIE) and Upexi, Inc. (UPXI) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERIE and UPXI?
Over the past 3 years, ERIE and UPXI moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.04) than the 3-year average (-0.23). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -2565.0 %².
Out of 33 assets tracked against ERIE, UPXI lands near the bottom at #33. The last year tells two different stories: ERIE led by 61.4 percentage points, -24.5% for ERIE against -85.9% for UPXI. Note the risk asymmetry: UPXI runs 12.0 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.
ERIE vs UPXI: side by side
| ERIE (Erie Indemnity) | UPXI (Upexi, Inc.) | |
|---|---|---|
| 1-year return | -24.5% | -85.9% |
| 5-year return | +61.3% | -98.9% |
| Volatility (ann.) | 30.3% | 364.4% |
| Beta vs S&P 500 | 0.37 | 5.11 |
| Max drawdown (3Y) | -60.9% | -98.5% |
| Market cap | $13.6B | $0.1B |
| P/E (trailing) | 23.4 | 2.0 |
| Dividend yield | 2.24% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ERIE | UPXI |
|---|---|---|
| 2022 | +32.0% | -25.4% |
| 2023 | +37.3% | -61.3% |
| 2024 | +24.7% | -84.9% |
| 2025 | -29.4% | -52.1% |
| 2026 | -8.0% | -31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERIE and UPXI good diversifiers for each other?
Yes. With a correlation of -0.23, ERIE and UPXI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ERIE and UPXI?
As of 2026-08-27, the correlation of weekly returns between ERIE and UPXI is -0.23 over 3 years, 0.04 over 1 year and -0.16 over 5 years.
Is UPXI a good diversifier for ERIE?
Yes. With a correlation of -0.23, ERIE and UPXI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/erie-vs-upxi.json
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Related comparisons
Hubs: ERIE correlations · UPXI correlations
