PAPL vs UDR: Correlation
Measured on weekly returns over the past three years, Pineapple Financial Inc. (PAPL) and UDR, Inc. (UDR) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAPL and UDR?
Over the past 3 years, PAPL and UDR moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.05) than the 3-year average (-0.22). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -795.9 %².
By 3-year correlation, UDR places #36 of the 51 assets tracked against PAPL. The last year tells two different stories: UDR led by 70.1 percentage points, -70.7% for PAPL against -0.6% for UDR. Note the risk asymmetry: PAPL runs 8.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PAPL vs UDR: side by side
| PAPL (Pineapple Financial Inc.) | UDR (UDR, Inc.) | |
|---|---|---|
| 1-year return | -70.7% | -0.6% |
| 5-year return | n/a | -15.5% |
| Volatility (ann.) | 181.2% | 21.1% |
| Beta vs S&P 500 | -0.73 | 0.54 |
| Max drawdown (3Y) | -99.4% | -24.9% |
| Market cap | – | $13.6B |
| P/E (trailing) | – | 23.9 |
| Dividend yield | 0.00% | 4.56% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | PAPL | UDR |
|---|---|---|
| 2022 | – | -33.4% |
| 2023 | – | +3.1% |
| 2024 | -74.7% | +18.3% |
| 2025 | -84.4% | -11.8% |
| 2026 | -25.5% | +4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAPL and UDR good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between PAPL and UDR?
As of 2026-08-27, the correlation of weekly returns between PAPL and UDR is -0.22 over 3 years, -0.05 over 1 year and n/a over 5 years.
Is UDR a good diversifier for PAPL?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/papl-vs-udr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/papl-vs-udr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PAPL correlations · UDR correlations
