SLND vs UTZ: Correlation
Southland Holdings, Inc. (SLND) and Utz Brands Inc (UTZ) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLND and UTZ?
On 3 years of weekly data the SLND/UTZ correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.36 over 1 year against -0.31 over 3. The 5-year figure is -0.28, and annualized covariance runs at -1608.5 %².
Among the 12 assets we track against SLND, UTZ sits near the bottom by co-movement, at rank #10. The last year tells two different stories: UTZ led by 92.3 percentage points, -84.0% for SLND against +8.3% for UTZ.
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.
SLND vs UTZ: side by side
| SLND (Southland Holdings, Inc.) | UTZ (Utz Brands Inc) | |
|---|---|---|
| 1-year return | -84.0% | +8.3% |
| 5-year return | -93.4% | -16.7% |
| Volatility (ann.) | 80.0% | 65.9% |
| Beta vs S&P 500 | 0.62 | 0.07 |
| Max drawdown (3Y) | -92.3% | -63.8% |
| Market cap | – | $2.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLND | UTZ |
|---|---|---|
| 2022 | +2.9% | +0.9% |
| 2023 | -49.5% | +3.9% |
| 2024 | -37.0% | -2.1% |
| 2025 | +2.2% | -32.3% |
| 2026 | -80.6% | +39.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLND and UTZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between SLND and UTZ?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.36 over the last year and -0.28 over 5 years.
Is UTZ a good diversifier for SLND?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: SLND correlations · UTZ correlations
