MRT vs UAVS: Correlation
How closely do Marti Technologies, Inc. Class A (MRT) and AgEagle Aerial Systems, Inc. (UAVS) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRT and UAVS?
Across a 3-year window, the weekly returns of MRT and UAVS correlate at 0.33, moderate. The past 12 months show a weaker link (0.10) than the 3-year average (0.33). Stretching to 5 years gives 0.23, with an annualized covariance of 3883.9 %².
By 3-year correlation, UAVS places #5 of the 10 assets tracked against MRT. Correlation aside, the last 12 months split them widely, with MRT ahead by 33.9 points (-8.4% versus -42.3%). One caveat on sizing: UAVS is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MRT vs UAVS: side by side
| MRT (Marti Technologies, Inc. Class A) | UAVS (AgEagle Aerial Systems, Inc.) | |
|---|---|---|
| 1-year return | -8.4% | -42.3% |
| 5-year return | -76.5% | -100.0% |
| Volatility (ann.) | 81.0% | 145.0% |
| Beta vs S&P 500 | 0.38 | 2.34 |
| Max drawdown (3Y) | -65.3% | -99.7% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MRT | UAVS |
|---|---|---|
| 2022 | +3.1% | -77.7% |
| 2023 | -93.6% | -71.4% |
| 2024 | +421.5% | -96.5% |
| 2025 | -30.1% | -76.7% |
| 2026 | -3.8% | +38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRT and UAVS good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MRT and UAVS?
As of 2026-08-27, the correlation of weekly returns between MRT and UAVS is 0.33 over 3 years, 0.10 over 1 year and 0.23 over 5 years.
Is UAVS a good diversifier for MRT?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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/mrt-vs-uavs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mrt-vs-uavs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MRT correlations · UAVS correlations
