LDOS vs ULH: Correlation
How closely do Leidos (LDOS) and Universal Logistics Holdings, Inc. (ULH) 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 LDOS and ULH?
Over the past 3 years, LDOS and ULH moved with a correlation of 0.50, which is moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.50 over 3. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 1063.9 %².
By 3-year correlation, ULH places #11 of the 36 assets tracked against LDOS. Neither side won the trailing year by much: -22.9% against -26.0%. Note the risk asymmetry: ULH runs 2.2 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.
LDOS vs ULH: side by side
| LDOS (Leidos) | ULH (Universal Logistics Holdings, Inc.) | |
|---|---|---|
| 1-year return | -22.9% | -26.0% |
| 5-year return | +52.1% | -5.6% |
| Volatility (ann.) | 31.4% | 68.3% |
| Beta vs S&P 500 | 0.87 | 1.46 |
| Max drawdown (3Y) | -49.5% | -76.1% |
| Market cap | $17.6B | $0.5B |
| P/E (trailing) | 12.8 | – |
| Dividend yield | 1.23% | 2.19% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LDOS | ULH |
|---|---|---|
| 2022 | +20.0% | +79.9% |
| 2023 | +4.5% | -14.9% |
| 2024 | +34.5% | +65.6% |
| 2025 | +26.5% | -66.3% |
| 2026 | -22.0% | +26.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LDOS and ULH good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LDOS and ULH?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.55 over the last year and 0.42 over 5 years.
Is ULH a good diversifier for LDOS?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/ldos-vs-ulh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ldos-vs-ulh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LDOS correlations · ULH correlations
