LLY vs UI: Correlation
How closely do Lilly (Eli) (LLY) and Ubiquiti Inc. (UI) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LLY and UI?
Over the past 3 years, LLY and UI moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.23 over 3. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -448.6 %².
Among the 29 assets we track against LLY, UI sits near the bottom by co-movement, at rank #27. Their recent paths diverged sharply: over the last 12 months LLY outperformed by 47.5 percentage points (+61.2% for LLY against +13.7% for UI).
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.
LLY vs UI: side by side
| LLY (Lilly (Eli)) | UI (Ubiquiti Inc.) | |
|---|---|---|
| 1-year return | +61.2% | +13.7% |
| 5-year return | +369.2% | +84.4% |
| Volatility (ann.) | 36.6% | 53.4% |
| Beta vs S&P 500 | 0.57 | 1.36 |
| Max drawdown (3Y) | -34.5% | -51.7% |
| Market cap | $1,048.8B | $35.9B |
| P/E (trailing) | 40.0 | 37.6 |
| Dividend yield | 0.54% | 0.57% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | LLY | UI |
|---|---|---|
| 2022 | +34.3% | -10.0% |
| 2023 | +60.9% | -48.2% |
| 2024 | +33.3% | +141.2% |
| 2025 | +40.2% | +67.7% |
| 2026 | +10.0% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LLY and UI good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LLY and UI?
The LLY/UI correlation stands at -0.23 on a 3-year window (1 year: -0.31, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is UI a good diversifier for LLY?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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.
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Related comparisons
Hubs: LLY correlations · UI correlations
