UBER vs XYL: Correlation
Uber (UBER) and Xylem Inc. (XYL) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UBER and XYL?
Across a 3-year window, the weekly returns of UBER and XYL correlate at 0.38, moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.38). Stretching to 5 years gives 0.40, with an annualized covariance of 337.6 %².
Within UBER's tracked universe of 34 assets, XYL comes in at #20 by 3-year correlation. Twelve-month performance is nearly a tie, at -19.3% for UBER and -21.1% for XYL. This link changes with the market regime, having swung between 0.09 and 0.61 on a rolling one-year basis. One caveat on sizing: UBER is 1.5 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 XYL: side by side
| UBER (Uber) | XYL (Xylem Inc.) | |
|---|---|---|
| 1-year return | -19.3% | -21.1% |
| 5-year return | +94.4% | -12.5% |
| Volatility (ann.) | 36.7% | 23.9% |
| Beta vs S&P 500 | 1.34 | 0.96 |
| Max drawdown (3Y) | -34.1% | -30.0% |
| Market cap | $157.2B | $26.3B |
| P/E (trailing) | 17.2 | 26.8 |
| Dividend yield | 0.00% | 1.47% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | UBER | XYL |
|---|---|---|
| 2022 | -41.0% | -6.6% |
| 2023 | +149.0% | +4.8% |
| 2024 | -2.0% | +2.6% |
| 2025 | +35.5% | +18.8% |
| 2026 | -5.8% | -16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UBER and XYL good diversifiers for each other?
Reasonably. At 0.38, UBER and XYL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between UBER and XYL?
As of 2026-08-27, the correlation of weekly returns between UBER and XYL is 0.38 over 3 years, 0.13 over 1 year and 0.40 over 5 years.
Is XYL a good diversifier for UBER?
Reasonably. At 0.38, UBER and XYL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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-xyl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/uber-vs-xyl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: UBER correlations · XYL correlations
