FFA vs UBER: Correlation
How closely do First Trust Enhanced Equity Income Fund (FFA) and Uber (UBER) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFA and UBER?
Over the past 3 years, FFA and UBER moved with a correlation of 0.53, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.40 versus 0.53 over 3 years. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 289.2 %².
By 3-year correlation, UBER places #13 of the 20 assets tracked against FFA. Correlation aside, the last 12 months split them widely, with FFA ahead by 36.6 points (+17.3% versus -19.3%). Risk is not evenly split, since UBER carries 2.5 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.
FFA vs UBER: side by side
| FFA (First Trust Enhanced Equity Income Fund) | UBER (Uber) | |
|---|---|---|
| 1-year return | +17.3% | -19.3% |
| 5-year return | +54.8% | +94.4% |
| Volatility (ann.) | 14.9% | 36.7% |
| Beta vs S&P 500 | 0.93 | 1.34 |
| Max drawdown (3Y) | -19.9% | -34.1% |
| Market cap | $0.5B | $157.2B |
| P/E (trailing) | 5.7 | 17.2 |
| Dividend yield | 6.39% | 0.00% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | FFA | UBER |
|---|---|---|
| 2022 | -20.3% | -41.0% |
| 2023 | +24.7% | +149.0% |
| 2024 | +21.5% | -2.0% |
| 2025 | +14.2% | +35.5% |
| 2026 | +8.9% | -5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFA and UBER good diversifiers for each other?
Only partially. A correlation of 0.53 means FFA and UBER share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FFA and UBER?
As of 2026-08-27, the correlation of weekly returns between FFA and UBER is 0.53 over 3 years, 0.40 over 1 year and 0.45 over 5 years.
Is UBER a good diversifier for FFA?
Only partially. A correlation of 0.53 means FFA and UBER share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 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/ffa-vs-uber.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ffa-vs-uber/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FFA correlations · UBER correlations
