ESLA vs UCAR: Correlation
Estrella Immunopharma, Inc. (ESLA) and U Power Limited - Class A (UCAR) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESLA and UCAR?
Across a 3-year window, the weekly returns of ESLA and UCAR correlate at 0.31, moderate. The past 12 months show a tighter link (0.53) than the 3-year average (0.31). Stretching to 5 years gives n/a, with an annualized covariance of 7001.0 %².
Within ESLA's tracked universe of 10 assets, UCAR comes in at #5 by 3-year correlation. The last year tells two different stories: ESLA led by 73.7 percentage points, -23.2% for ESLA against -96.9% for UCAR. Risk is not evenly split, since UCAR carries 1.5 times the volatility of the other side.
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.
ESLA vs UCAR: side by side
| ESLA (Estrella Immunopharma, Inc.) | UCAR (U Power Limited - Class A) | |
|---|---|---|
| 1-year return | -23.2% | -96.9% |
| 5-year return | -92.6% | n/a |
| Volatility (ann.) | 120.6% | 186.9% |
| Beta vs S&P 500 | 1.20 | 2.54 |
| Max drawdown (3Y) | -96.7% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESLA | UCAR |
|---|---|---|
| 2022 | +3.8% | – |
| 2023 | -89.2% | – |
| 2024 | +8.1% | -64.0% |
| 2025 | +30.0% | -77.1% |
| 2026 | -53.7% | -95.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESLA and UCAR good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ESLA and UCAR?
The ESLA/UCAR correlation stands at 0.31 on a 3-year window (1 year: 0.53, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UCAR a good diversifier for ESLA?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/esla-vs-ucar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/esla-vs-ucar/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ESLA correlations · UCAR correlations
