KMT vs UAA: Correlation
How closely do Kennametal Inc. (KMT) and Under Armour, Inc. (UAA) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMT and UAA?
Across a 3-year window, the weekly returns of KMT and UAA correlate at 0.50, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.50 over 3. Stretching to 5 years gives 0.49, with an annualized covariance of 839.6 %².
By 3-year correlation, UAA places #11 of the 21 assets tracked against KMT. The last year tells two different stories: KMT led by 42.7 percentage points, +43.3% for KMT against +0.6% for UAA.
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.
KMT vs UAA: side by side
| KMT (Kennametal Inc.) | UAA (Under Armour, Inc.) | |
|---|---|---|
| 1-year return | +43.3% | +0.6% |
| 5-year return | -6.6% | -79.0% |
| Volatility (ann.) | 33.9% | 49.2% |
| Beta vs S&P 500 | 0.73 | 0.99 |
| Max drawdown (3Y) | -42.9% | -62.5% |
| Market cap | $2.3B | $2.2B |
| P/E (trailing) | 6.8 | – |
| Dividend yield | 2.67% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KMT | UAA |
|---|---|---|
| 2022 | -31.0% | -52.1% |
| 2023 | +10.5% | -13.5% |
| 2024 | -3.9% | -5.8% |
| 2025 | +22.6% | -40.0% |
| 2026 | +8.1% | +2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMT and UAA good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KMT and UAA?
The KMT/UAA correlation stands at 0.50 on a 3-year window (1 year: 0.42, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is UAA a good diversifier for KMT?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 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/kmt-vs-uaa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kmt-vs-uaa/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KMT correlations · UAA correlations
