PFSI vs UWMC: Correlation
How closely do PennyMac Financial Services, Inc. (PFSI) and UWM Holdings Corporation (UWMC) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFSI and UWMC?
Across a 3-year window, the weekly returns of PFSI and UWMC correlate at 0.61, strong. Recent behaviour matches the longer record: 0.51 over 1 year against 0.61 over 3. Stretching to 5 years gives 0.55, with an annualized covariance of 1124.1 %².
In PFSI's tracked universe of 14 assets, UWMC sits right near the top at #2. The last year tells two different stories: PFSI led by 39.7 percentage points, -31.3% for PFSI against -71.0% for UWMC. One caveat on sizing: UWMC is 1.5 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.
PFSI vs UWMC: side by side
| PFSI (PennyMac Financial Services, Inc.) | UWMC (UWM Holdings Corporation) | |
|---|---|---|
| 1-year return | -31.3% | -71.0% |
| 5-year return | +17.5% | -69.4% |
| Volatility (ann.) | 34.9% | 52.6% |
| Beta vs S&P 500 | 0.57 | 0.96 |
| Max drawdown (3Y) | -53.8% | -84.9% |
| Market cap | $3.8B | $4.2B |
| P/E (trailing) | 10.0 | – |
| Dividend yield | 1.65% | 27.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PFSI | UWMC |
|---|---|---|
| 2022 | -17.6% | -38.0% |
| 2023 | +57.8% | +132.1% |
| 2024 | +16.8% | -13.0% |
| 2025 | +30.5% | -19.3% |
| 2026 | -43.6% | -63.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFSI and UWMC good diversifiers for each other?
Only partially. A correlation of 0.61 means PFSI and UWMC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PFSI and UWMC?
As of 2026-08-27, the correlation of weekly returns between PFSI and UWMC is 0.61 over 3 years, 0.51 over 1 year and 0.55 over 5 years.
Is UWMC a good diversifier for PFSI?
Only partially. A correlation of 0.61 means PFSI and UWMC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
A reading of 0.61 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pfsi-vs-uwmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pfsi-vs-uwmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PFSI correlations · UWMC correlations
