SMPL vs UCAR: Correlation
How closely do The Simply Good Foods Company (SMPL) and U Power Limited - Class A (UCAR) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SMPL and UCAR?
Over the past 3 years, SMPL and UCAR moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.44) runs below the 3-year figure (-0.31). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2131.7 %².
Among the 10 assets we track against SMPL, UCAR sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with SMPL ahead by 32.0 points (-64.9% versus -96.9%). Risk is not evenly split, since UCAR carries 5.0 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.
SMPL vs UCAR: side by side
| SMPL (The Simply Good Foods Company) | UCAR (U Power Limited - Class A) | |
|---|---|---|
| 1-year return | -64.9% | -96.9% |
| 5-year return | -71.3% | n/a |
| Volatility (ann.) | 37.3% | 186.9% |
| Beta vs S&P 500 | 0.38 | 2.54 |
| Max drawdown (3Y) | -76.2% | -100.0% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SMPL | UCAR |
|---|---|---|
| 2022 | -8.5% | – |
| 2023 | +4.1% | – |
| 2024 | -1.6% | -64.0% |
| 2025 | -48.5% | -77.1% |
| 2026 | -49.2% | -95.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SMPL and UCAR 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 SMPL and UCAR?
The SMPL/UCAR correlation stands at -0.31 on a 3-year window (1 year: -0.44, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UCAR a good diversifier for SMPL?
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: SMPL correlations · UCAR correlations
