UBER vs VOO: Correlation
Measured on weekly returns over the past three years, Uber (UBER) and Vanguard S&P 500 ETF (VOO) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UBER and VOO?
Over the past 3 years, UBER and VOO moved with a correlation of 0.53, which is moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.53 over 3. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 277.4 %².
Within UBER's tracked universe of 34 assets, VOO comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VOO outperformed by 39.9 percentage points (-19.3% for UBER against +20.6% for VOO). On a rolling one-year basis the correlation drifted between 0.31 and 0.74, a moderate band. One caveat on sizing: UBER is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VOO: side by side
| UBER (Uber) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | -19.3% | +20.6% |
| 5-year return | +94.4% | +83.0% |
| Volatility (ann.) | 36.7% | 14.4% |
| Beta vs S&P 500 | 1.34 | 0.99 |
| Max drawdown (3Y) | -34.1% | -18.7% |
| Market cap | $157.2B | – |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 0.00% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | Industrials | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | UBER | VOO |
|---|---|---|
| 2022 | -41.0% | -18.2% |
| 2023 | +149.0% | +26.3% |
| 2024 | -2.0% | +25.0% |
| 2025 | +35.5% | +17.8% |
| 2026 | -5.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
UBER represents 0.22% of VOO's portfolio, so part of any move in VOO is UBER itself, and the correlation between them is partly mechanical.
Are UBER and VOO good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between UBER and VOO?
The UBER/VOO correlation stands at 0.53 on a 3-year window (1 year: 0.46, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is VOO a good diversifier for UBER?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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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Related comparisons
Hubs: UBER correlations · VOO correlations
