MCHB vs UUU: Correlation
Mechanics Bancorp (MCHB) and Universal Safety Products, Inc. (UUU) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCHB and UUU?
On 3 years of weekly data the MCHB/UUU correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.33 lands near the 3-year figure. The 5-year figure is -0.17, and annualized covariance runs at -1961.4 %².
UUU is close to the least connected end of MCHB's tracked universe, ranking #9 of 11. Their recent paths diverged sharply: over the last 12 months UUU outperformed by 58.1 percentage points (+26.0% for MCHB against +84.1% for UUU). Risk is not evenly split, since UUU carries 1.9 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.
MCHB vs UUU: side by side
| MCHB (Mechanics Bancorp) | UUU (Universal Safety Products, Inc.) | |
|---|---|---|
| 1-year return | +26.0% | +84.1% |
| 5-year return | -51.9% | +5.9% |
| Volatility (ann.) | 63.9% | 122.8% |
| Beta vs S&P 500 | 1.12 | -0.54 |
| Max drawdown (3Y) | -56.1% | -77.3% |
| Market cap | $3.6B | – |
| P/E (trailing) | 12.3 | – |
| Dividend yield | 8.16% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCHB | UUU |
|---|---|---|
| 2022 | -44.8% | -40.3% |
| 2023 | -60.6% | -18.2% |
| 2024 | +10.9% | +42.8% |
| 2025 | +29.9% | +158.6% |
| 2026 | +18.7% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCHB and UUU good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between MCHB and UUU?
The MCHB/UUU correlation stands at -0.25 on a 3-year window (1 year: -0.33, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is UUU a good diversifier for MCHB?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mchb-vs-uuu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mchb-vs-uuu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MCHB correlations · UUU correlations
