SAIA vs UPXI: Correlation
How closely do Saia, Inc. (SAIA) and Upexi, Inc. (UPXI) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SAIA and UPXI?
Over the past 3 years, SAIA and UPXI moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.16) runs above the 3-year figure (-0.29). Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -5344.2 %².
Out of 12 assets tracked against SAIA, UPXI lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months SAIA outperformed by 102.5 percentage points (+16.6% for SAIA against -85.9% for UPXI). Risk is not evenly split, since UPXI carries 7.3 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.
SAIA vs UPXI: side by side
| SAIA (Saia, Inc.) | UPXI (Upexi, Inc.) | |
|---|---|---|
| 1-year return | +16.6% | -85.9% |
| 5-year return | +44.1% | -98.9% |
| Volatility (ann.) | 50.1% | 364.4% |
| Beta vs S&P 500 | 1.25 | 5.11 |
| Max drawdown (3Y) | -60.9% | -98.5% |
| Market cap | $9.4B | $0.1B |
| P/E (trailing) | 33.8 | 2.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SAIA | UPXI |
|---|---|---|
| 2022 | -37.8% | -25.4% |
| 2023 | +109.0% | -61.3% |
| 2024 | +4.0% | -84.9% |
| 2025 | -28.4% | -52.1% |
| 2026 | +8.1% | -31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SAIA and UPXI good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between SAIA and UPXI?
As of 2026-08-27, the correlation of weekly returns between SAIA and UPXI is -0.29 over 3 years, -0.16 over 1 year and -0.22 over 5 years.
Is UPXI a good diversifier for SAIA?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 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: SAIA correlations · UPXI correlations
