REZI vs UI: Correlation
Measured on weekly returns over the past three years, Resideo Technologies, Inc. (REZI) and Ubiquiti Inc. (UI) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REZI and UI?
Over the past 3 years, REZI and UI moved with a correlation of 0.52, which is moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 1362.5 %².
By 3-year correlation, UI places #8 of the 20 assets tracked against REZI. Correlation aside, the last 12 months split them widely, with UI ahead by 31.0 points (-17.3% versus +13.7%).
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.
REZI vs UI: side by side
| REZI (Resideo Technologies, Inc.) | UI (Ubiquiti Inc.) | |
|---|---|---|
| 1-year return | -17.3% | +13.7% |
| 5-year return | -11.7% | +84.4% |
| Volatility (ann.) | 48.9% | 53.4% |
| Beta vs S&P 500 | 1.58 | 1.36 |
| Max drawdown (3Y) | -47.1% | -51.7% |
| Market cap | $3.0B | $35.9B |
| P/E (trailing) | 7.8 | 37.6 |
| Dividend yield | 0.00% | 0.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | REZI | UI |
|---|---|---|
| 2022 | -36.8% | -10.0% |
| 2023 | +14.4% | -48.2% |
| 2024 | +22.5% | +141.2% |
| 2025 | +52.4% | +67.7% |
| 2026 | -18.2% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REZI and UI good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between REZI and UI?
The REZI/UI correlation stands at 0.52 on a 3-year window (1 year: 0.57, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is UI a good diversifier for REZI?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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.
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Related comparisons
Hubs: REZI correlations · UI correlations
