GURE vs ULS: Correlation
Measured on weekly returns over the past three years, Gulf Resources, Inc. (GURE) and UL Solutions Inc. (ULS) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GURE and ULS?
Across a 3-year window, the weekly returns of GURE and ULS correlate at -0.31, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.41) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1659.4 %².
Among the 23 assets we track against GURE, ULS sits near the bottom by co-movement, at rank #21. Correlation aside, the last 12 months split them widely, with ULS ahead by 72.8 points (-52.5% versus +20.3%). Risk is not evenly split, since GURE carries 3.9 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.
GURE vs ULS: side by side
| GURE (Gulf Resources, Inc.) | ULS (UL Solutions Inc.) | |
|---|---|---|
| 1-year return | -52.5% | +20.3% |
| 5-year return | -92.1% | n/a |
| Volatility (ann.) | 137.7% | 35.3% |
| Beta vs S&P 500 | -0.30 | 0.47 |
| Max drawdown (3Y) | -88.1% | -29.4% |
| Market cap | – | $15.3B |
| P/E (trailing) | – | 30.3 |
| Dividend yield | 0.00% | 0.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GURE | ULS |
|---|---|---|
| 2022 | -28.6% | – |
| 2023 | -46.6% | – |
| 2024 | -65.5% | – |
| 2025 | -35.1% | +59.3% |
| 2026 | -7.6% | -3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GURE and ULS good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between GURE and ULS?
As of 2026-08-27, the correlation of weekly returns between GURE and ULS is -0.31 over 3 years, -0.41 over 1 year and n/a over 5 years.
Is ULS a good diversifier for GURE?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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.
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Related comparisons
Hubs: GURE correlations · ULS correlations
