LULU vs UAL: Correlation
How closely do Lululemon Athletica (LULU) and United Airlines Holdings (UAL) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LULU and UAL?
Across a 3-year window, the weekly returns of LULU and UAL correlate at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.36, with an annualized covariance of 833.7 %².
Within LULU's tracked universe of 34 assets, UAL comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UAL outperformed by 51.9 percentage points (-44.1% for LULU against +7.8% for UAL). The rolling one-year correlation moved between 0.16 and 0.53 over the past three years, a moderate range.
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.
LULU vs UAL: side by side
| LULU (Lululemon Athletica) | UAL (United Airlines Holdings) | |
|---|---|---|
| 1-year return | -44.1% | +7.8% |
| 5-year return | -72.3% | +144.8% |
| Volatility (ann.) | 41.8% | 46.6% |
| Beta vs S&P 500 | 0.98 | 1.33 |
| Max drawdown (3Y) | -79.4% | -49.2% |
| Market cap | $13.1B | $36.5B |
| P/E (trailing) | 9.4 | 10.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | Industrials |
Year-by-year returns
| Year | LULU | UAL |
|---|---|---|
| 2022 | -18.2% | -13.9% |
| 2023 | +59.6% | +9.4% |
| 2024 | -25.2% | +135.3% |
| 2025 | -45.7% | +15.2% |
| 2026 | -44.7% | +0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LULU and UAL good diversifiers for each other?
Reasonably. At 0.43, LULU and UAL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LULU and UAL?
The LULU/UAL correlation stands at 0.43 on a 3-year window (1 year: 0.50, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is UAL a good diversifier for LULU?
Reasonably. At 0.43, LULU and UAL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lulu-vs-ual.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lulu-vs-ual/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LULU correlations · UAL correlations
