ETON vs UMBF: Correlation
Measured on weekly returns over the past three years, Eton Pharmaceuticals, Inc. (ETON) and UMB Financial Corporation (UMBF) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETON and UMBF?
Across a 3-year window, the weekly returns of ETON and UMBF correlate at 0.35, moderate. Recent behaviour matches the longer record: 0.25 over 1 year against 0.35 over 3. Stretching to 5 years gives 0.17, with an annualized covariance of 583.7 %².
Within ETON's tracked universe of 10 assets, UMBF comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ETON ahead by 243.5 points (+262.7% versus +19.2%). Risk is not evenly split, since ETON carries 2.1 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.
ETON vs UMBF: side by side
| ETON (Eton Pharmaceuticals, Inc.) | UMBF (UMB Financial Corporation) | |
|---|---|---|
| 1-year return | +262.7% | +19.2% |
| 5-year return | +1112.2% | +73.4% |
| Volatility (ann.) | 58.4% | 28.4% |
| Beta vs S&P 500 | 0.89 | 1.01 |
| Max drawdown (3Y) | -45.6% | -31.8% |
| Market cap | $1.8B | $11.0B |
| P/E (trailing) | 160.7 | 11.9 |
| Dividend yield | 0.00% | 1.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ETON | UMBF |
|---|---|---|
| 2022 | -34.3% | -20.0% |
| 2023 | +55.3% | +2.2% |
| 2024 | +204.1% | +37.3% |
| 2025 | +27.0% | +3.4% |
| 2026 | +270.6% | +26.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETON and UMBF 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 ETON and UMBF?
As of 2026-08-27, the correlation of weekly returns between ETON and UMBF is 0.35 over 3 years, 0.25 over 1 year and 0.17 over 5 years.
Is UMBF a good diversifier for ETON?
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/eton-vs-umbf.json
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Related comparisons
Hubs: ETON correlations · UMBF correlations
