RDVT vs ULS: Correlation
How closely do Red Violet, Inc. (RDVT) and UL Solutions Inc. (ULS) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RDVT and ULS?
Over the past 3 years, RDVT and ULS moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 618.7 %².
Among the 16 assets we track against RDVT, ULS ranks #10 by 3-year correlation. The last year tells two different stories: RDVT led by 25.8 percentage points, +46.1% for RDVT against +20.3% for ULS.
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.
RDVT vs ULS: side by side
| RDVT (Red Violet, Inc.) | ULS (UL Solutions Inc.) | |
|---|---|---|
| 1-year return | +46.1% | +20.3% |
| 5-year return | +153.0% | n/a |
| Volatility (ann.) | 45.1% | 35.3% |
| Beta vs S&P 500 | 1.12 | 0.47 |
| Max drawdown (3Y) | -42.1% | -29.4% |
| Market cap | $1.2B | $15.3B |
| P/E (trailing) | 63.2 | 30.3 |
| Dividend yield | 0.00% | 0.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RDVT | ULS |
|---|---|---|
| 2022 | -42.0% | – |
| 2023 | -13.2% | – |
| 2024 | +81.3% | – |
| 2025 | +58.6% | +59.3% |
| 2026 | +26.4% | -3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RDVT and ULS good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RDVT and ULS?
As of 2026-08-27, the correlation of weekly returns between RDVT and ULS is 0.37 over 3 years, 0.38 over 1 year and n/a over 5 years.
Is ULS a good diversifier for RDVT?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: RDVT correlations · ULS correlations
