KULR vs UMAC: Correlation
How closely do KULR Technology Group, Inc. (KULR) and Unusual Machines, Inc. (UMAC) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KULR and UMAC?
Over the past 3 years, KULR and UMAC moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.57 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 25958.5 %².
UMAC is one of the assets that tracks KULR most closely: it ranks #1 out of the 14 assets we track against KULR. Their recent paths diverged sharply: over the last 12 months UMAC outperformed by 201.0 percentage points (-43.9% for KULR against +157.1% for UMAC).
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.
KULR vs UMAC: side by side
| KULR (KULR Technology Group, Inc.) | UMAC (Unusual Machines, Inc.) | |
|---|---|---|
| 1-year return | -43.9% | +157.1% |
| 5-year return | -84.4% | n/a |
| Volatility (ann.) | 172.8% | 248.9% |
| Beta vs S&P 500 | 1.92 | 3.43 |
| Max drawdown (3Y) | -94.7% | -75.6% |
| Market cap | $0.1B | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KULR | UMAC |
|---|---|---|
| 2022 | -56.5% | – |
| 2023 | -84.2% | – |
| 2024 | +1768.4% | – |
| 2025 | -89.6% | -24.3% |
| 2026 | -10.1% | +106.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KULR and UMAC good diversifiers for each other?
Only partially. A correlation of 0.57 means KULR and UMAC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between KULR and UMAC?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.49 over the last year and n/a over 5 years.
Is UMAC a good diversifier for KULR?
Only partially. A correlation of 0.57 means KULR and UMAC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/kulr-vs-umac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kulr-vs-umac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KULR correlations · UMAC correlations
