R vs ULH: Correlation
Measured on weekly returns over the past three years, Ryder System, Inc. (R) and Universal Logistics Holdings, Inc. (ULH) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are R and ULH?
On 3 years of weekly data the R/ULH correlation comes out at 0.51, moderate. The past 12 months show a weaker link (0.41) than the 3-year average (0.51). The 5-year figure is 0.49, and annualized covariance runs at 1082.6 %².
Among the 21 assets we track against R, ULH ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months R outperformed by 60.9 percentage points (+34.9% for R against -26.0% for ULH). Note the risk asymmetry: ULH runs 2.2 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.
R vs ULH: side by side
| R (Ryder System, Inc.) | ULH (Universal Logistics Holdings, Inc.) | |
|---|---|---|
| 1-year return | +34.9% | -26.0% |
| 5-year return | +245.8% | -5.6% |
| Volatility (ann.) | 31.1% | 68.3% |
| Beta vs S&P 500 | 1.09 | 1.46 |
| Max drawdown (3Y) | -23.9% | -76.1% |
| Market cap | $9.5B | $0.5B |
| P/E (trailing) | 20.3 | – |
| Dividend yield | 1.46% | 2.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | R | ULH |
|---|---|---|
| 2022 | +4.4% | +79.9% |
| 2023 | +41.6% | -14.9% |
| 2024 | +39.5% | +65.6% |
| 2025 | +24.5% | -66.3% |
| 2026 | +31.2% | +26.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are R and ULH good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between R and ULH?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.41 over the last year and 0.49 over 5 years.
Is ULH a good diversifier for R?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 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/r-vs-ulh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/r-vs-ulh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: R correlations · ULH correlations
