UCAR vs ZNTL: Correlation
U Power Limited - Class A (UCAR) and Zentalis Pharmaceuticals, Inc. (ZNTL) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UCAR and ZNTL?
Across a 3-year window, the weekly returns of UCAR and ZNTL correlate at 0.47, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.47). Stretching to 5 years gives n/a, with an annualized covariance of 14145.6 %².
Among the 17 assets we track against UCAR, ZNTL ranks #4 by 3-year correlation. The last year tells two different stories: ZNTL led by 210.1 percentage points, -96.9% for UCAR against +113.2% for ZNTL.
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.
UCAR vs ZNTL: side by side
| UCAR (U Power Limited - Class A) | ZNTL (Zentalis Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -96.9% | +113.2% |
| 5-year return | n/a | -94.1% |
| Volatility (ann.) | 186.9% | 159.7% |
| Beta vs S&P 500 | 2.54 | 2.82 |
| Max drawdown (3Y) | -100.0% | -96.2% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UCAR | ZNTL |
|---|---|---|
| 2022 | – | -76.0% |
| 2023 | – | -24.8% |
| 2024 | -64.0% | -80.0% |
| 2025 | -77.1% | -55.4% |
| 2026 | -95.8% | +187.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UCAR and ZNTL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between UCAR and ZNTL?
The UCAR/ZNTL correlation stands at 0.47 on a 3-year window (1 year: 0.62, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ZNTL a good diversifier for UCAR?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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: UCAR correlations · ZNTL correlations
