JAKK vs UE: Correlation
How closely do JAKKS Pacific, Inc. (JAKK) and Urban Edge Properties (UE) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JAKK and UE?
Over the past 3 years, JAKK and UE moved with a correlation of 0.48, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.48 over 3. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 616.0 %².
In JAKK's tracked universe of 12 assets, UE sits right near the top at #3. Correlation aside, the last 12 months split them widely, with JAKK ahead by 42.0 points (+48.9% versus +6.9%). Risk is not evenly split, since JAKK carries 2.3 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.
JAKK vs UE: side by side
| JAKK (JAKKS Pacific, Inc.) | UE (Urban Edge Properties) | |
|---|---|---|
| 1-year return | +48.9% | +6.9% |
| 5-year return | +96.2% | +37.5% |
| Volatility (ann.) | 54.5% | 23.3% |
| Beta vs S&P 500 | 1.20 | 0.70 |
| Max drawdown (3Y) | -57.3% | -29.7% |
| Market cap | $0.3B | $2.9B |
| P/E (trailing) | 18.2 | 40.2 |
| Dividend yield | 3.90% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JAKK | UE |
|---|---|---|
| 2022 | +72.1% | -22.8% |
| 2023 | +103.3% | +35.3% |
| 2024 | -20.8% | +21.7% |
| 2025 | -36.9% | -7.2% |
| 2026 | +55.1% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JAKK and UE good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JAKK and UE?
As of 2026-08-27, the correlation of weekly returns between JAKK and UE is 0.48 over 3 years, 0.38 over 1 year and 0.43 over 5 years.
Is UE a good diversifier for JAKK?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/jakk-vs-ue.json
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Related comparisons
Hubs: JAKK correlations · UE correlations
