RDWR vs UCAR: Correlation
Radware Ltd. (RDWR) and U Power Limited - Class A (UCAR) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RDWR and UCAR?
Across a 3-year window, the weekly returns of RDWR and UCAR correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.22). Stretching to 5 years gives n/a, with an annualized covariance of -1500.5 %².
Out of 10 assets tracked against RDWR, UCAR lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months RDWR outperformed by 111.8 percentage points (+14.9% for RDWR against -96.9% for UCAR). One caveat on sizing: UCAR is 5.1 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.
RDWR vs UCAR: side by side
| RDWR (Radware Ltd.) | UCAR (U Power Limited - Class A) | |
|---|---|---|
| 1-year return | +14.9% | -96.9% |
| 5-year return | -13.5% | n/a |
| Volatility (ann.) | 36.7% | 186.9% |
| Beta vs S&P 500 | 0.85 | 2.54 |
| Max drawdown (3Y) | -29.4% | -100.0% |
| Market cap | $1.2B | – |
| P/E (trailing) | 75.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RDWR | UCAR |
|---|---|---|
| 2022 | -52.6% | – |
| 2023 | -15.5% | – |
| 2024 | +35.1% | -64.0% |
| 2025 | +6.9% | -77.1% |
| 2026 | +22.7% | -95.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RDWR and UCAR good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between RDWR and UCAR?
As of 2026-08-27, the correlation of weekly returns between RDWR and UCAR is -0.22 over 3 years, -0.39 over 1 year and n/a over 5 years.
Is UCAR a good diversifier for RDWR?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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/rdwr-vs-ucar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rdwr-vs-ucar/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RDWR correlations · UCAR correlations
