GEG vs UCFI: Correlation
How closely do Great Elm Group, Inc. (GEG) and CN Healthy Food Tech Group Corp. (UCFI) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEG and UCFI?
Across a 3-year window, the weekly returns of GEG and UCFI correlate at 0.32, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.32 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 728.4 %².
Within GEG's tracked universe of 16 assets, UCFI comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GEG ahead by 43.7 points (-10.4% versus -54.1%). Note the risk asymmetry: UCFI runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GEG vs UCFI: side by side
| GEG (Great Elm Group, Inc.) | UCFI (CN Healthy Food Tech Group Corp.) | |
|---|---|---|
| 1-year return | -10.4% | -54.1% |
| 5-year return | -7.3% | n/a |
| Volatility (ann.) | 33.0% | 66.8% |
| Beta vs S&P 500 | 0.15 | -0.21 |
| Max drawdown (3Y) | -41.4% | -67.3% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 30.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GEG | UCFI |
|---|---|---|
| 2022 | -3.3% | – |
| 2023 | -4.0% | – |
| 2024 | -6.7% | – |
| 2025 | +40.9% | -46.5% |
| 2026 | -15.7% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEG and UCFI good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GEG and UCFI?
As of 2026-08-27, the correlation of weekly returns between GEG and UCFI is 0.32 over 3 years, 0.18 over 1 year and n/a over 5 years.
Is UCFI a good diversifier for GEG?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 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
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Related comparisons
Hubs: GEG correlations · UCFI correlations
