NTGR vs UI: Correlation
Measured on weekly returns over the past three years, NETGEAR, Inc. (NTGR) and Ubiquiti Inc. (UI) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTGR and UI?
On 3 years of weekly data the NTGR/UI correlation comes out at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 1321.5 %².
UI is one of the assets that tracks NTGR most closely: it ranks #1 out of the 11 assets we track against NTGR. Correlation aside, the last 12 months split them widely, with UI ahead by 32.7 points (-19.0% versus +13.7%).
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.
NTGR vs UI: side by side
| NTGR (NETGEAR, Inc.) | UI (Ubiquiti Inc.) | |
|---|---|---|
| 1-year return | -19.0% | +13.7% |
| 5-year return | -38.5% | +84.4% |
| Volatility (ann.) | 51.4% | 53.4% |
| Beta vs S&P 500 | 1.43 | 1.36 |
| Max drawdown (3Y) | -44.8% | -51.7% |
| Market cap | $0.6B | $35.9B |
| P/E (trailing) | – | 37.6 |
| Dividend yield | 0.00% | 0.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTGR | UI |
|---|---|---|
| 2022 | -38.0% | -10.0% |
| 2023 | -19.5% | -48.2% |
| 2024 | +91.2% | +141.2% |
| 2025 | -12.0% | +67.7% |
| 2026 | -10.4% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTGR and UI good diversifiers for each other?
Reasonably. At 0.48, NTGR and UI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NTGR and UI?
The NTGR/UI correlation stands at 0.48 on a 3-year window (1 year: 0.44, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is UI a good diversifier for NTGR?
Reasonably. At 0.48, NTGR and UI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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.
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Related comparisons
Hubs: NTGR correlations · UI correlations
