LDI vs UWMC: Correlation
Measured on weekly returns over the past three years, loanDepot, Inc. (LDI) and UWM Holdings Corporation (UWMC) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LDI and UWMC?
Across a 3-year window, the weekly returns of LDI and UWMC correlate at 0.56, moderate. Recent behaviour matches the longer record: 0.60 over 1 year against 0.56 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 2531.0 %².
In LDI's tracked universe of 13 assets, UWMC sits right near the top at #2. Correlation aside, the last 12 months split them widely, with LDI ahead by 17.3 points (-53.7% versus -71.0%). Note the risk asymmetry: LDI runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LDI vs UWMC: side by side
| LDI (loanDepot, Inc.) | UWMC (UWM Holdings Corporation) | |
|---|---|---|
| 1-year return | -53.7% | -71.0% |
| 5-year return | -87.7% | -69.4% |
| Volatility (ann.) | 85.9% | 52.6% |
| Beta vs S&P 500 | 1.47 | 0.96 |
| Max drawdown (3Y) | -81.3% | -84.9% |
| Market cap | $0.4B | $4.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 27.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LDI | UWMC |
|---|---|---|
| 2022 | -64.9% | -38.0% |
| 2023 | +113.3% | +132.1% |
| 2024 | -42.0% | -13.0% |
| 2025 | +1.5% | -19.3% |
| 2026 | -53.0% | -63.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LDI and UWMC good diversifiers for each other?
Only partially. A correlation of 0.56 means LDI and UWMC 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 LDI and UWMC?
As of 2026-08-27, the correlation of weekly returns between LDI and UWMC is 0.56 over 3 years, 0.60 over 1 year and 0.48 over 5 years.
Is UWMC a good diversifier for LDI?
Only partially. A correlation of 0.56 means LDI and UWMC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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/ldi-vs-uwmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ldi-vs-uwmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LDI correlations · UWMC correlations
