TKC vs UCTT: Correlation
Turkcell Iletisim Hizmetleri AS (TKC) and Ultra Clean Holdings, Inc. (UCTT) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TKC and UCTT?
Over the past 3 years, TKC and UCTT moved with a correlation of 0.33, which is moderate. The link has tightened recently: the 1-year correlation (0.50) runs above the 3-year figure (0.33). Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 690.5 %².
Few assets follow TKC as closely as UCTT, which ranks #1 of 13 tracked partners. The last year tells two different stories: UCTT led by 224.2 percentage points, -12.6% for TKC against +211.6% for UCTT. Risk is not evenly split, since UCTT carries 1.9 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.
TKC vs UCTT: side by side
| TKC (Turkcell Iletisim Hizmetleri AS) | UCTT (Ultra Clean Holdings, Inc.) | |
|---|---|---|
| 1-year return | -12.6% | +211.6% |
| 5-year return | +30.6% | +57.9% |
| Volatility (ann.) | 32.9% | 62.8% |
| Beta vs S&P 500 | 0.45 | 2.28 |
| Max drawdown (3Y) | -28.5% | -68.2% |
| Market cap | $4.7B | $3.4B |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TKC | UCTT |
|---|---|---|
| 2022 | +38.2% | -42.2% |
| 2023 | +2.5% | +3.0% |
| 2024 | +44.5% | +5.3% |
| 2025 | -14.3% | -29.5% |
| 2026 | -1.3% | +195.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TKC and UCTT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TKC and UCTT?
The TKC/UCTT correlation stands at 0.33 on a 3-year window (1 year: 0.50, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is UCTT a good diversifier for TKC?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 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.
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Hubs: TKC correlations · UCTT correlations
