UBER vs USA: Correlation
How closely do Uber (UBER) and Liberty All-Star Equity Fund (USA) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UBER and USA?
Across a 3-year window, the weekly returns of UBER and USA correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 286.9 %².
Among the 34 assets we track against UBER, USA ranks #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with USA ahead by 20.9 points (-19.3% versus +1.6%). Risk is not evenly split, since UBER carries 2.4 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.
UBER vs USA: side by side
| UBER (Uber) | USA (Liberty All-Star Equity Fund) | |
|---|---|---|
| 1-year return | -19.3% | +1.6% |
| 5-year return | +94.4% | +18.1% |
| Volatility (ann.) | 36.7% | 15.2% |
| Beta vs S&P 500 | 1.34 | 0.89 |
| Max drawdown (3Y) | -34.1% | -17.7% |
| Market cap | $157.2B | – |
| P/E (trailing) | 17.2 | 10.7 |
| Dividend yield | 0.00% | 11.19% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | UBER | USA |
|---|---|---|
| 2022 | -41.0% | -25.2% |
| 2023 | +149.0% | +23.2% |
| 2024 | -2.0% | +20.8% |
| 2025 | +35.5% | +0.1% |
| 2026 | -5.8% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UBER and USA good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between UBER and USA?
The UBER/USA correlation stands at 0.51 on a 3-year window (1 year: 0.43, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is USA a good diversifier for UBER?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/uber-vs-usa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/uber-vs-usa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: UBER correlations · USA correlations
