NGVC vs UTI: Correlation
How closely do Natural Grocers by Vitamin Cottage, Inc. (NGVC) and Universal Technical Institute Inc (UTI) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NGVC and UTI?
Across a 3-year window, the weekly returns of NGVC and UTI correlate at 0.59, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.59 over 3. Stretching to 5 years gives 0.55, with an annualized covariance of 1663.4 %².
Few assets follow NGVC as closely as UTI, which ranks #1 of 10 tracked partners. Over the last 12 months UTI came out ahead by 9.6 percentage points (-29.8% against -20.2%).
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.
NGVC vs UTI: side by side
| NGVC (Natural Grocers by Vitamin Cottage, Inc.) | UTI (Universal Technical Institute Inc) | |
|---|---|---|
| 1-year return | -29.8% | -20.2% |
| 5-year return | +184.3% | +211.1% |
| Volatility (ann.) | 51.4% | 54.6% |
| Beta vs S&P 500 | 0.61 | 0.64 |
| Max drawdown (3Y) | -59.9% | -57.8% |
| Market cap | $0.6B | $1.2B |
| P/E (trailing) | 13.6 | 36.0 |
| Dividend yield | 2.05% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NGVC | UTI |
|---|---|---|
| 2022 | -34.0% | -14.1% |
| 2023 | +91.8% | +86.3% |
| 2024 | +152.5% | +105.4% |
| 2025 | -36.1% | +1.6% |
| 2026 | +10.5% | -17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NGVC and UTI good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NGVC and UTI?
As of 2026-08-27, the correlation of weekly returns between NGVC and UTI is 0.59 over 3 years, 0.52 over 1 year and 0.55 over 5 years.
Is UTI a good diversifier for NGVC?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/ngvc-vs-uti.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ngvc-vs-uti/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NGVC correlations · UTI correlations
