UAL vs VIK: Correlation
United Airlines Holdings (UAL) and Viking Holdings Ltd (VIK) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UAL and VIK?
On 3 years of weekly data the UAL/VIK correlation comes out at 0.64, strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1011.3 %².
Among the 33 assets we track against UAL, VIK ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VIK ahead by 34.9 points (+7.8% versus +42.7%).
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.
UAL vs VIK: side by side
| UAL (United Airlines Holdings) | VIK (Viking Holdings Ltd) | |
|---|---|---|
| 1-year return | +7.8% | +42.7% |
| 5-year return | +144.8% | n/a |
| Volatility (ann.) | 46.6% | 33.6% |
| Beta vs S&P 500 | 1.33 | 1.31 |
| Max drawdown (3Y) | -49.2% | -35.4% |
| Market cap | $36.5B | $40.1B |
| P/E (trailing) | 10.8 | 30.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | UAL | VIK |
|---|---|---|
| 2022 | -13.9% | – |
| 2023 | +9.4% | – |
| 2024 | +135.3% | – |
| 2025 | +15.2% | +62.1% |
| 2026 | +0.5% | +25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UAL and VIK good diversifiers for each other?
Only partially. A correlation of 0.64 means UAL and VIK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between UAL and VIK?
The UAL/VIK correlation stands at 0.64 on a 3-year window (1 year: 0.66, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VIK a good diversifier for UAL?
Only partially. A correlation of 0.64 means UAL and VIK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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/ual-vs-vik.json
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[](https://www.pairbook.io/pair/ual-vs-vik/)
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Hubs: UAL correlations · VIK correlations
