ETN vs UBER: Correlation
Eaton Corporation (ETN) and Uber (UBER) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETN and UBER?
Over the past 3 years, ETN and UBER moved with a correlation of 0.35, which is moderate. The past 12 months show a weaker link (0.10) than the 3-year average (0.35). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 390.2 %².
By 3-year correlation, UBER places #34 of the 44 assets tracked against ETN. Their recent paths diverged sharply: over the last 12 months ETN outperformed by 39.0 percentage points (+19.7% for ETN against -19.3% for UBER). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.00 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.
ETN vs UBER: side by side
| ETN (Eaton Corporation) | UBER (Uber) | |
|---|---|---|
| 1-year return | +19.7% | -19.3% |
| 5-year return | +164.1% | +94.4% |
| Volatility (ann.) | 30.2% | 36.7% |
| Beta vs S&P 500 | 1.33 | 1.34 |
| Max drawdown (3Y) | -34.5% | -34.1% |
| Market cap | $161.6B | $157.2B |
| P/E (trailing) | 42.4 | 17.2 |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | ETN | UBER |
|---|---|---|
| 2022 | -7.2% | -41.0% |
| 2023 | +56.2% | +149.0% |
| 2024 | +39.5% | -2.0% |
| 2025 | -2.8% | +35.5% |
| 2026 | +31.7% | -5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETN and UBER good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ETN and UBER?
As of 2026-08-27, the correlation of weekly returns between ETN and UBER is 0.35 over 3 years, 0.10 over 1 year and 0.32 over 5 years.
Is UBER a good diversifier for ETN?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/etn-vs-uber.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/etn-vs-uber/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ETN correlations · UBER correlations
