GOOG vs UGI: Correlation
Measured on weekly returns over the past three years, Alphabet Inc. (Class C) (GOOG) and UGI Corporation (UGI) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOG and UGI?
Over the past 3 years, GOOG and UGI moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. Over 5 years the correlation is 0.01, and the annualized covariance of weekly returns is -170.2 %².
Within GOOG's tracked universe of 36 assets, UGI comes in at #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GOOG outperformed by 48.9 percentage points (+62.7% for GOOG against +13.8% for UGI).
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.
GOOG vs UGI: side by side
| GOOG (Alphabet Inc. (Class C)) | UGI (UGI Corporation) | |
|---|---|---|
| 1-year return | +62.7% | +13.8% |
| 5-year return | +134.2% | +3.7% |
| Volatility (ann.) | 31.1% | 28.1% |
| Beta vs S&P 500 | 1.20 | 0.14 |
| Max drawdown (3Y) | -29.4% | -19.6% |
| Market cap | $4,130.2B | $8.2B |
| P/E (trailing) | 17.0 | 12.8 |
| Dividend yield | 0.25% | 3.90% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | GOOG | UGI |
|---|---|---|
| 2022 | -38.7% | -16.1% |
| 2023 | +58.8% | -29.8% |
| 2024 | +35.6% | +21.9% |
| 2025 | +65.4% | +38.3% |
| 2026 | +7.8% | +4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOG and UGI good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GOOG and UGI?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.19 over the last year and 0.01 over 5 years.
Is UGI a good diversifier for GOOG?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/goog-vs-ugi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/goog-vs-ugi/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: GOOG correlations · UGI correlations
