RCAT vs UMAC: Correlation
How closely do Red Cat Holdings, Inc. (RCAT) and Unusual Machines, Inc. (UMAC) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RCAT and UMAC?
Over the past 3 years, RCAT and UMAC moved with a correlation of 0.43, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.77 versus 0.43 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 13770.3 %².
Within RCAT's tracked universe of 10 assets, UMAC comes in at #5 by 3-year correlation. The last year tells two different stories: UMAC led by 153.7 percentage points, +3.4% for RCAT against +157.1% for UMAC. Risk is not evenly split, since UMAC carries 2.1 times the volatility of the other side.
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.
RCAT vs UMAC: side by side
| RCAT (Red Cat Holdings, Inc.) | UMAC (Unusual Machines, Inc.) | |
|---|---|---|
| 1-year return | +3.4% | +157.1% |
| 5-year return | +239.9% | n/a |
| Volatility (ann.) | 121.3% | 248.9% |
| Beta vs S&P 500 | 1.43 | 3.43 |
| Max drawdown (3Y) | -67.2% | -75.6% |
| Market cap | $1.4B | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RCAT | UMAC |
|---|---|---|
| 2022 | -54.8% | – |
| 2023 | -6.4% | – |
| 2024 | +1360.2% | – |
| 2025 | -38.3% | -24.3% |
| 2026 | +17.0% | +106.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RCAT and UMAC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RCAT and UMAC?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.77 over the last year and n/a over 5 years.
Is UMAC a good diversifier for RCAT?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/rcat-vs-umac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rcat-vs-umac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RCAT correlations · UMAC correlations
