GITS vs UPS: Correlation
How closely do Global Interactive Technologies, Inc. (GITS) and United Parcel Service (UPS) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GITS and UPS?
Across a 3-year window, the weekly returns of GITS and UPS correlate at -0.26, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.02) runs above the 3-year figure (-0.26). Stretching to 5 years gives n/a, with an annualized covariance of -10288.3 %².
Among the 35 assets we track against GITS, UPS ranks #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UPS outperformed by 50.3 percentage points (-22.1% for GITS against +28.2% for UPS). Risk is not evenly split, since GITS carries 46.0 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.
GITS vs UPS: side by side
| GITS (Global Interactive Technologies, Inc.) | UPS (United Parcel Service) | |
|---|---|---|
| 1-year return | -22.1% | +28.2% |
| 5-year return | n/a | -31.0% |
| Volatility (ann.) | 1352.0% | 29.4% |
| Beta vs S&P 500 | -3.91 | 0.81 |
| Max drawdown (3Y) | -98.4% | -46.5% |
| Market cap | – | $89.9B |
| P/E (trailing) | – | 19.6 |
| Dividend yield | 0.00% | 6.21% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | GITS | UPS |
|---|---|---|
| 2022 | – | -16.2% |
| 2023 | – | -6.0% |
| 2024 | -69.5% | -15.9% |
| 2025 | +186.6% | -15.9% |
| 2026 | +154.2% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GITS and UPS good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GITS and UPS?
As of 2026-08-27, the correlation of weekly returns between GITS and UPS is -0.26 over 3 years, -0.02 over 1 year and n/a over 5 years.
Is UPS a good diversifier for GITS?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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.
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Hubs: GITS correlations · UPS correlations
