SQFT vs UCAR: Correlation
Measured on weekly returns over the past three years, Presidio Property Trust, Inc. (SQFT) and U Power Limited - Class A (UCAR) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SQFT and UCAR?
Across a 3-year window, the weekly returns of SQFT and UCAR correlate at 0.37, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.37). Stretching to 5 years gives n/a, with an annualized covariance of 6198.6 %².
Few assets follow SQFT as closely as UCAR, which ranks #3 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months SQFT outperformed by 26.1 percentage points (-70.8% for SQFT against -96.9% for UCAR). Note the risk asymmetry: UCAR runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SQFT vs UCAR: side by side
| SQFT (Presidio Property Trust, Inc.) | UCAR (U Power Limited - Class A) | |
|---|---|---|
| 1-year return | -70.8% | -96.9% |
| 5-year return | -95.2% | n/a |
| Volatility (ann.) | 90.2% | 186.9% |
| Beta vs S&P 500 | 1.55 | 2.54 |
| Max drawdown (3Y) | -89.7% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SQFT | UCAR |
|---|---|---|
| 2022 | -73.4% | – |
| 2023 | +19.5% | – |
| 2024 | -22.3% | -64.0% |
| 2025 | -58.4% | -77.1% |
| 2026 | -54.1% | -95.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SQFT and UCAR good diversifiers for each other?
Reasonably. At 0.37, SQFT and UCAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SQFT and UCAR?
As of 2026-08-27, the correlation of weekly returns between SQFT and UCAR is 0.37 over 3 years, 0.63 over 1 year and n/a over 5 years.
Is UCAR a good diversifier for SQFT?
Reasonably. At 0.37, SQFT and UCAR keep a meaningful degree of independence, and combining them has historically reduced portfolio 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sqft-vs-ucar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sqft-vs-ucar/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SQFT correlations · UCAR correlations
