ROK vs ULS: Correlation
Rockwell Automation (ROK) and UL Solutions Inc. (ULS) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROK and ULS?
On 3 years of weekly data the ROK/ULS correlation comes out at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 365.0 %².
Within ROK's tracked universe of 37 assets, ULS comes in at #27 by 3-year correlation. On 12-month performance ROK holds a 5.4-point edge, +25.7% against +20.3%.
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.
ROK vs ULS: side by side
| ROK (Rockwell Automation) | ULS (UL Solutions Inc.) | |
|---|---|---|
| 1-year return | +25.7% | +20.3% |
| 5-year return | +44.9% | n/a |
| Volatility (ann.) | 27.9% | 35.3% |
| Beta vs S&P 500 | 0.97 | 0.47 |
| Max drawdown (3Y) | -29.0% | -29.4% |
| Market cap | $48.2B | $15.3B |
| P/E (trailing) | 40.6 | 30.3 |
| Dividend yield | 1.26% | 0.73% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ROK | ULS |
|---|---|---|
| 2022 | -24.8% | – |
| 2023 | +22.6% | – |
| 2024 | -6.2% | – |
| 2025 | +38.4% | +59.3% |
| 2026 | +12.4% | -3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ROK and ULS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ROK and ULS?
As of 2026-08-27, the correlation of weekly returns between ROK and ULS is 0.37 over 3 years, 0.41 over 1 year and n/a over 5 years.
Is ULS a good diversifier for ROK?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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: ROK correlations · ULS correlations
