REED vs UDR: Correlation
Reed's, Inc. (REED) and UDR, Inc. (UDR) 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 REED and UDR?
Over the past 3 years, REED and UDR moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -475.2 %².
By 3-year correlation, UDR places #16 of the 31 assets tracked against REED. Correlation aside, the last 12 months split them widely, with UDR ahead by 83.5 points (-84.1% versus -0.6%). Risk is not evenly split, since REED carries 5.0 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.
REED vs UDR: side by side
| REED (Reed's, Inc.) | UDR (UDR, Inc.) | |
|---|---|---|
| 1-year return | -84.1% | -0.6% |
| 5-year return | -99.5% | -15.5% |
| Volatility (ann.) | 104.6% | 21.1% |
| Beta vs S&P 500 | -0.39 | 0.54 |
| Max drawdown (3Y) | -96.4% | -24.9% |
| Market cap | – | $13.6B |
| P/E (trailing) | – | 23.9 |
| Dividend yield | 0.00% | 4.56% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | REED | UDR |
|---|---|---|
| 2022 | -80.6% | -33.4% |
| 2023 | -54.3% | +3.1% |
| 2024 | -60.6% | +18.3% |
| 2025 | -44.4% | -11.8% |
| 2026 | -53.6% | +4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REED and UDR good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between REED and UDR?
As of 2026-08-27, the correlation of weekly returns between REED and UDR is -0.22 over 3 years, -0.31 over 1 year and -0.11 over 5 years.
Is UDR a good diversifier for REED?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/reed-vs-udr.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: REED correlations · UDR correlations
