TASK vs UEIC: Correlation
Measured on weekly returns over the past three years, TaskUs, Inc. (TASK) and Universal Electronics Inc. (UEIC) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TASK and UEIC?
Over the past 3 years, TASK and UEIC moved with a correlation of 0.44, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.44 over 3 years. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 1439.9 %².
By 3-year correlation, UEIC places #7 of the 13 assets tracked against TASK. Correlation aside, the last 12 months split them widely, with UEIC ahead by 18.1 points (-27.6% versus -9.5%).
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.
TASK vs UEIC: side by side
| TASK (TaskUs, Inc.) | UEIC (Universal Electronics Inc.) | |
|---|---|---|
| 1-year return | -27.6% | -9.5% |
| 5-year return | -78.6% | -91.0% |
| Volatility (ann.) | 58.0% | 56.2% |
| Beta vs S&P 500 | 1.30 | 0.79 |
| Max drawdown (3Y) | -63.0% | -79.8% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | 6.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TASK | UEIC |
|---|---|---|
| 2022 | -68.7% | -48.9% |
| 2023 | -22.7% | -54.9% |
| 2024 | +29.6% | +17.1% |
| 2025 | -30.4% | -67.2% |
| 2026 | +6.8% | +25.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TASK and UEIC good diversifiers for each other?
Reasonably. At 0.44, TASK and UEIC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TASK and UEIC?
As of 2026-08-27, the correlation of weekly returns between TASK and UEIC is 0.44 over 3 years, 0.18 over 1 year and 0.35 over 5 years.
Is UEIC a good diversifier for TASK?
Reasonably. At 0.44, TASK and UEIC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/task-vs-ueic.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/task-vs-ueic/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TASK correlations · UEIC correlations
