SLQT vs UPLD: Correlation
SelectQuote, Inc. (SLQT) and Upland Software, Inc. (UPLD) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLQT and UPLD?
Over the past 3 years, SLQT and UPLD moved with a correlation of 0.42, which is moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 3430.0 %².
Few assets follow SLQT as closely as UPLD, which ranks #2 of 10 tracked partners. Over the last 12 months SLQT came out ahead by 5.9 percentage points (-77.6% against -83.5%).
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.
SLQT vs UPLD: side by side
| SLQT (SelectQuote, Inc.) | UPLD (Upland Software, Inc.) | |
|---|---|---|
| 1-year return | -77.6% | -83.5% |
| 5-year return | -93.9% | -98.8% |
| Volatility (ann.) | 86.4% | 95.6% |
| Beta vs S&P 500 | 1.55 | 2.34 |
| Max drawdown (3Y) | -91.1% | -92.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLQT | UPLD |
|---|---|---|
| 2022 | -92.6% | -60.3% |
| 2023 | +103.9% | -40.7% |
| 2024 | +171.5% | +2.6% |
| 2025 | -62.1% | -67.1% |
| 2026 | -61.7% | -67.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLQT and UPLD good diversifiers for each other?
Reasonably. At 0.42, SLQT and UPLD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SLQT and UPLD?
The SLQT/UPLD correlation stands at 0.42 on a 3-year window (1 year: 0.38, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is UPLD a good diversifier for SLQT?
Reasonably. At 0.42, SLQT and UPLD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SLQT correlations · UPLD correlations
