GOLF vs UPBD: Correlation
Measured on weekly returns over the past three years, Acushnet Holdings Corp. (GOLF) and Upbound Group, Inc. (UPBD) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOLF and UPBD?
Over the past 3 years, GOLF and UPBD moved with a correlation of 0.59, which is moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 706.1 %².
Among the 13 assets we track against GOLF, UPBD ranks #4 by 3-year correlation. The last year tells two different stories: GOLF led by 29.9 percentage points, +10.1% for GOLF against -19.8% for UPBD.
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.
GOLF vs UPBD: side by side
| GOLF (Acushnet Holdings Corp.) | UPBD (Upbound Group, Inc.) | |
|---|---|---|
| 1-year return | +10.1% | -19.8% |
| 5-year return | +77.9% | -60.7% |
| Volatility (ann.) | 29.1% | 41.4% |
| Beta vs S&P 500 | 0.77 | 1.23 |
| Max drawdown (3Y) | -28.3% | -54.2% |
| Market cap | $5.0B | $1.1B |
| P/E (trailing) | 23.6 | 12.6 |
| Dividend yield | 1.13% | 8.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOLF | UPBD |
|---|---|---|
| 2022 | -18.7% | -49.9% |
| 2023 | +51.0% | +57.9% |
| 2024 | +14.0% | -10.1% |
| 2025 | +13.7% | -35.4% |
| 2026 | +7.0% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOLF and UPBD good diversifiers for each other?
Only partially. A correlation of 0.59 means GOLF and UPBD 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 GOLF and UPBD?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.49 over the last year and 0.48 over 5 years.
Is UPBD a good diversifier for GOLF?
Only partially. A correlation of 0.59 means GOLF and UPBD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
A reading of 0.59 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/golf-vs-upbd.json
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[](https://www.pairbook.io/pair/golf-vs-upbd/)
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Related comparisons
Hubs: GOLF correlations · UPBD correlations
