IOSP vs UFPT: Correlation
How closely do Innospec Inc. (IOSP) and UFP Technologies, Inc. (UFPT) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IOSP and UFPT?
On 3 years of weekly data the IOSP/UFPT correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.49 over 3. The 5-year figure is 0.47, and annualized covariance runs at 674.1 %².
Among the 35 assets we track against IOSP, UFPT ranks #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UFPT outperformed by 28.5 percentage points (+11.3% for IOSP against +39.8% for UFPT). One caveat on sizing: UFPT is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IOSP vs UFPT: side by side
| IOSP (Innospec Inc.) | UFPT (UFP Technologies, Inc.) | |
|---|---|---|
| 1-year return | +11.3% | +39.8% |
| 5-year return | +10.2% | +340.3% |
| Volatility (ann.) | 26.6% | 51.7% |
| Beta vs S&P 500 | 0.94 | 1.34 |
| Max drawdown (3Y) | -48.4% | -48.3% |
| Market cap | $2.3B | $2.3B |
| P/E (trailing) | 19.5 | 32.9 |
| Dividend yield | 1.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IOSP | UFPT |
|---|---|---|
| 2022 | +15.2% | +67.8% |
| 2023 | +21.5% | +45.9% |
| 2024 | -9.6% | +42.1% |
| 2025 | -28.9% | -9.2% |
| 2026 | +26.0% | +35.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IOSP and UFPT good diversifiers for each other?
Reasonably. At 0.49, IOSP and UFPT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IOSP and UFPT?
The IOSP/UFPT correlation stands at 0.49 on a 3-year window (1 year: 0.58, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is UFPT a good diversifier for IOSP?
Reasonably. At 0.49, IOSP and UFPT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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
$ curl https://www.pairbook.io/api/v1/pairs/iosp-vs-ufpt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iosp-vs-ufpt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IOSP correlations · UFPT correlations
