RKT vs UWMC: Correlation
How closely do Rocket Companies, Inc. (RKT) and UWM Holdings Corporation (UWMC) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RKT and UWMC?
On 3 years of weekly data the RKT/UWMC correlation comes out at 0.64, strong. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.64, and annualized covariance runs at 1871.5 %².
Among the 17 assets we track against RKT, UWMC ranks #5 by 3-year correlation. The last year tells two different stories: RKT led by 49.8 percentage points, -21.2% for RKT against -71.0% for UWMC.
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.
RKT vs UWMC: side by side
| RKT (Rocket Companies, Inc.) | UWMC (UWM Holdings Corporation) | |
|---|---|---|
| 1-year return | -21.2% | -71.0% |
| 5-year return | -7.5% | -69.4% |
| Volatility (ann.) | 55.4% | 52.6% |
| Beta vs S&P 500 | 1.02 | 0.96 |
| Max drawdown (3Y) | -50.6% | -84.9% |
| Market cap | $40.3B | $4.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 27.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RKT | UWMC |
|---|---|---|
| 2022 | -46.2% | -38.0% |
| 2023 | +106.9% | +132.1% |
| 2024 | -22.2% | -13.0% |
| 2025 | +81.7% | -19.3% |
| 2026 | -26.4% | -63.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RKT and UWMC good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RKT and UWMC?
The RKT/UWMC correlation stands at 0.64 on a 3-year window (1 year: 0.60, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is UWMC a good diversifier for RKT?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 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/rkt-vs-uwmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rkt-vs-uwmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RKT correlations · UWMC correlations
