UA vs UAA: Correlation
How closely do Under Armour, Inc. (UA) and Under Armour, Inc. (UAA) trade together? Their weekly returns over three years give a correlation of 0.99, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UA and UAA?
On 3 years of weekly data the UA/UAA correlation comes out at 0.99, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.99 lands near the 3-year figure. The 5-year figure is 0.99, and annualized covariance runs at 2276.6 %².
Few assets follow UA as closely as UAA, which ranks #1 of 12 tracked partners. Neither side won the trailing year by much: +0.2% against +0.6%.
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.
UA vs UAA: side by side
| UA (Under Armour, Inc.) | UAA (Under Armour, Inc.) | |
|---|---|---|
| 1-year return | +0.2% | +0.6% |
| 5-year return | -76.2% | -79.0% |
| Volatility (ann.) | 46.7% | 49.2% |
| Beta vs S&P 500 | 0.99 | 0.99 |
| Max drawdown (3Y) | -60.2% | -62.5% |
| Market cap | $2.1B | $2.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UA | UAA |
|---|---|---|
| 2022 | -50.6% | -52.1% |
| 2023 | -6.4% | -13.5% |
| 2024 | -10.7% | -5.8% |
| 2025 | -35.7% | -40.0% |
| 2026 | +3.3% | +2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UA and UAA good diversifiers for each other?
No. With a correlation of 0.99, UA and UAA move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between UA and UAA?
The UA/UAA correlation stands at 0.99 on a 3-year window (1 year: 0.99, 5 years: 0.99), computed from weekly returns as of 2026-08-27.
Is UAA a good diversifier for UA?
No. With a correlation of 0.99, UA and UAA move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.99 mean?
A reading of 0.99 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ua-vs-uaa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ua-vs-uaa/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: UA correlations · UAA correlations
