MATH vs UMH: Correlation
Metalpha Technology Holding Limited (MATH) and UMH Properties, Inc. (UMH) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MATH and UMH?
On 3 years of weekly data the MATH/UMH correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.16) sits close to the 3-year figure. The 5-year figure is -0.05, and annualized covariance runs at -416.0 %².
Out of 14 assets tracked against MATH, UMH lands near the bottom at #11. The last year tells two different stories: UMH led by 81.7 percentage points, -70.7% for MATH against +11.0% for UMH. Note the risk asymmetry: MATH runs 4.4 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.
MATH vs UMH: side by side
| MATH (Metalpha Technology Holding Limited) | UMH (UMH Properties, Inc.) | |
|---|---|---|
| 1-year return | -70.7% | +11.0% |
| 5-year return | -40.4% | -11.7% |
| Volatility (ann.) | 90.1% | 20.7% |
| Beta vs S&P 500 | 0.53 | 0.45 |
| Max drawdown (3Y) | -81.9% | -27.3% |
| Market cap | – | $1.4B |
| P/E (trailing) | 41.7 | 137.5 |
| Dividend yield | 0.00% | 5.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MATH | UMH |
|---|---|---|
| 2022 | -57.4% | -38.7% |
| 2023 | +323.3% | +0.2% |
| 2024 | -47.2% | +29.6% |
| 2025 | +82.6% | -11.0% |
| 2026 | -60.3% | +8.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MATH and UMH good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between MATH and UMH?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.16 over the last year and -0.05 over 5 years.
Is UMH a good diversifier for MATH?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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/math-vs-umh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/math-vs-umh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MATH correlations · UMH correlations
