FTAI vs UCTT: Correlation
FTAI Aviation Ltd. (FTAI) and Ultra Clean Holdings, Inc. (UCTT) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTAI and UCTT?
On 3 years of weekly data the FTAI/UCTT correlation comes out at 0.36, moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.36). The 5-year figure is 0.38, and annualized covariance runs at 1333.4 %².
By 3-year correlation, UCTT places #4 of the 10 assets tracked against FTAI. The last year tells two different stories: UCTT led by 177.5 percentage points, +34.1% for FTAI against +211.6% for UCTT.
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.
FTAI vs UCTT: side by side
| FTAI (FTAI Aviation Ltd.) | UCTT (Ultra Clean Holdings, Inc.) | |
|---|---|---|
| 1-year return | +34.1% | +211.6% |
| 5-year return | +884.3% | +57.9% |
| Volatility (ann.) | 59.0% | 62.8% |
| Beta vs S&P 500 | 1.11 | 2.28 |
| Max drawdown (3Y) | -52.1% | -68.2% |
| Market cap | $20.5B | $3.4B |
| P/E (trailing) | 43.8 | – |
| Dividend yield | 0.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTAI | UCTT |
|---|---|---|
| 2022 | -25.8% | -42.2% |
| 2023 | +181.6% | +3.0% |
| 2024 | +214.7% | +5.3% |
| 2025 | +38.0% | -29.5% |
| 2026 | +1.9% | +195.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTAI and UCTT good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FTAI and UCTT?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.57 over the last year and 0.38 over 5 years.
Is UCTT a good diversifier for FTAI?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 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/ftai-vs-uctt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ftai-vs-uctt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FTAI correlations · UCTT correlations
