PWP vs UMBF: Correlation
Measured on weekly returns over the past three years, Perella Weinberg Partners (PWP) and UMB Financial Corporation (UMBF) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PWP and UMBF?
Over the past 3 years, PWP and UMBF moved with a correlation of 0.62, which is strong. The link has loosened recently: the 1-year correlation (0.47) runs below the 3-year figure (0.62). Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 703.6 %².
Among the 10 assets we track against PWP, UMBF ranks #5 by 3-year correlation. The last year tells two different stories: UMBF led by 42.5 percentage points, -23.3% for PWP against +19.2% for UMBF.
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.
PWP vs UMBF: side by side
| PWP (Perella Weinberg Partners) | UMBF (UMB Financial Corporation) | |
|---|---|---|
| 1-year return | -23.3% | +19.2% |
| 5-year return | +35.6% | +73.4% |
| Volatility (ann.) | 40.0% | 28.4% |
| Beta vs S&P 500 | 1.36 | 1.01 |
| Max drawdown (3Y) | -43.1% | -31.8% |
| Market cap | $1.7B | $11.0B |
| P/E (trailing) | 62.8 | 11.9 |
| Dividend yield | 1.70% | 1.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PWP | UMBF |
|---|---|---|
| 2022 | -21.2% | -20.0% |
| 2023 | +28.4% | +2.2% |
| 2024 | +98.2% | +37.3% |
| 2025 | -26.5% | +3.4% |
| 2026 | -1.3% | +26.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PWP and UMBF good diversifiers for each other?
Only partially. A correlation of 0.62 means PWP and UMBF 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 PWP and UMBF?
The PWP/UMBF correlation stands at 0.62 on a 3-year window (1 year: 0.47, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is UMBF a good diversifier for PWP?
Only partially. A correlation of 0.62 means PWP and UMBF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 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/pwp-vs-umbf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pwp-vs-umbf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PWP correlations · UMBF correlations
