UAVS vs UMAC: Correlation
How closely do AgEagle Aerial Systems, Inc. (UAVS) and Unusual Machines, Inc. (UMAC) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UAVS and UMAC?
Across a 3-year window, the weekly returns of UAVS and UMAC correlate at 0.65, strong. The past 12 months show a weaker link (0.47) than the 3-year average (0.65). Stretching to 5 years gives n/a, with an annualized covariance of 25107.2 %².
Few assets follow UAVS as closely as UMAC, which ranks #1 of 14 tracked partners. The last year tells two different stories: UMAC led by 199.4 percentage points, -42.3% for UAVS against +157.1% for UMAC. Risk is not evenly split, since UMAC carries 1.7 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.
UAVS vs UMAC: side by side
| UAVS (AgEagle Aerial Systems, Inc.) | UMAC (Unusual Machines, Inc.) | |
|---|---|---|
| 1-year return | -42.3% | +157.1% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 145.0% | 248.9% |
| Beta vs S&P 500 | 2.34 | 3.43 |
| Max drawdown (3Y) | -99.7% | -75.6% |
| Market cap | $0.1B | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UAVS | UMAC |
|---|---|---|
| 2022 | -77.7% | – |
| 2023 | -71.4% | – |
| 2024 | -96.5% | – |
| 2025 | -76.7% | -24.3% |
| 2026 | +38.3% | +106.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UAVS and UMAC good diversifiers for each other?
Only partially. A correlation of 0.65 means UAVS and UMAC 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 UAVS and UMAC?
The UAVS/UMAC correlation stands at 0.65 on a 3-year window (1 year: 0.47, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UMAC a good diversifier for UAVS?
Only partially. A correlation of 0.65 means UAVS and UMAC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 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/uavs-vs-umac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/uavs-vs-umac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: UAVS correlations · UMAC correlations
