MLKN vs UPBD: Correlation
How closely do MillerKnoll, Inc. (MLKN) and Upbound Group, Inc. (UPBD) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLKN and UPBD?
Over the past 3 years, MLKN and UPBD moved with a correlation of 0.52, which is moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 974.3 %².
Within MLKN's tracked universe of 10 assets, UPBD comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MLKN ahead by 33.6 points (+13.8% versus -19.8%).
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.
MLKN vs UPBD: side by side
| MLKN (MillerKnoll, Inc.) | UPBD (Upbound Group, Inc.) | |
|---|---|---|
| 1-year return | +13.8% | -19.8% |
| 5-year return | -35.2% | -60.7% |
| Volatility (ann.) | 45.1% | 41.4% |
| Beta vs S&P 500 | 1.11 | 1.23 |
| Max drawdown (3Y) | -53.3% | -54.2% |
| Market cap | $1.6B | $1.1B |
| P/E (trailing) | 17.7 | 12.6 |
| Dividend yield | 3.21% | 8.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MLKN | UPBD |
|---|---|---|
| 2022 | -44.9% | -49.9% |
| 2023 | +32.0% | +57.9% |
| 2024 | -13.0% | -10.1% |
| 2025 | -15.7% | -35.4% |
| 2026 | +31.2% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLKN and UPBD good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MLKN and UPBD?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.59 over the last year and 0.51 over 5 years.
Is UPBD a good diversifier for MLKN?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/mlkn-vs-upbd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mlkn-vs-upbd/)
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Related comparisons
Hubs: MLKN correlations · UPBD correlations
