LUCY vs UVV: Correlation
Measured on weekly returns over the past three years, Innovative Eyewear, Inc. (LUCY) and Universal Corporation (UVV) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUCY and UVV?
Across a 3-year window, the weekly returns of LUCY and UVV correlate at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.01) than the 3-year average (-0.28). Stretching to 5 years gives -0.20, with an annualized covariance of -1972.6 %².
Out of 16 assets tracked against LUCY, UVV lands near the bottom at #16. Correlation aside, the last 12 months split them widely, with UVV ahead by 40.1 points (-51.7% versus -11.6%). Risk is not evenly split, since LUCY carries 9.6 times the volatility of the other side.
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.
LUCY vs UVV: side by side
| LUCY (Innovative Eyewear, Inc.) | UVV (Universal Corporation) | |
|---|---|---|
| 1-year return | -51.7% | -11.6% |
| 5-year return | n/a | +25.0% |
| Volatility (ann.) | 259.2% | 27.0% |
| Beta vs S&P 500 | 1.73 | 0.23 |
| Max drawdown (3Y) | -96.7% | -29.7% |
| Market cap | – | $1.1B |
| P/E (trailing) | – | 61.3 |
| Dividend yield | 0.00% | 7.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LUCY | UVV |
|---|---|---|
| 2022 | – | +1.8% |
| 2023 | -69.2% | +35.8% |
| 2024 | -41.7% | -13.4% |
| 2025 | -79.7% | +2.3% |
| 2026 | -5.6% | -8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUCY and UVV good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LUCY and UVV?
The LUCY/UVV correlation stands at -0.28 on a 3-year window (1 year: 0.01, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is UVV a good diversifier for LUCY?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/lucy-vs-uvv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lucy-vs-uvv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LUCY correlations · UVV correlations
