KPLT vs ULBI: Correlation
How closely do Katapult Holdings, Inc. (KPLT) and Ultralife Corporation (ULBI) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KPLT and ULBI?
On 3 years of weekly data the KPLT/ULBI correlation comes out at 0.31, moderate. The past 12 months show a tighter link (0.43) than the 3-year average (0.31). The 5-year figure is 0.19, and annualized covariance runs at 1575.0 %².
Among the 11 assets we track against KPLT, ULBI ranks #4 by 3-year correlation. The last year tells two different stories: ULBI led by 53.3 percentage points, -59.0% for KPLT against -5.7% for ULBI.
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.
KPLT vs ULBI: side by side
| KPLT (Katapult Holdings, Inc.) | ULBI (Ultralife Corporation) | |
|---|---|---|
| 1-year return | -59.0% | -5.7% |
| 5-year return | -95.6% | -19.1% |
| Volatility (ann.) | 87.1% | 59.1% |
| Beta vs S&P 500 | 1.08 | 1.74 |
| Max drawdown (3Y) | -75.6% | -68.8% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | 3.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KPLT | ULBI |
|---|---|---|
| 2022 | -71.6% | -36.1% |
| 2023 | -54.5% | +76.7% |
| 2024 | -37.9% | +9.2% |
| 2025 | -4.5% | -23.2% |
| 2026 | -12.4% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KPLT and ULBI good diversifiers for each other?
Reasonably. At 0.31, KPLT and ULBI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KPLT and ULBI?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.43 over the last year and 0.19 over 5 years.
Is ULBI a good diversifier for KPLT?
Reasonably. At 0.31, KPLT and ULBI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 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/kplt-vs-ulbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kplt-vs-ulbi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KPLT correlations · ULBI correlations
