UCIB vs UK: Correlation
ETRACS UBS Bloomberg Constant Maturity Commodity Index (UCIB) and Ucommune International Ltd - Class A (UK) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UCIB and UK?
On 3 years of weekly data the UCIB/UK correlation comes out at 0.29, weak. The past 12 months show a tighter link (0.58) than the 3-year average (0.29). The 5-year figure is 0.15, and annualized covariance runs at 352.7 %².
By 3-year correlation, UK places #6 of the 11 assets tracked against UCIB. The last year tells two different stories: UCIB led by 118.5 percentage points, +38.5% for UCIB against -80.0% for UK. One caveat on sizing: UK is 3.8 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.
UCIB vs UK: side by side
| UCIB (ETRACS UBS Bloomberg Constant Maturity Commodity Index) | UK (Ucommune International Ltd - Class A) | |
|---|---|---|
| 1-year return | +38.5% | -80.0% |
| 5-year return | +88.1% | -99.9% |
| Volatility (ann.) | 17.7% | 67.7% |
| Beta vs S&P 500 | 0.28 | 0.52 |
| Max drawdown (3Y) | -22.7% | -96.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UCIB | UK |
|---|---|---|
| 2022 | +18.2% | -89.3% |
| 2023 | -2.3% | -79.1% |
| 2024 | +6.6% | -68.3% |
| 2025 | +9.0% | -46.4% |
| 2026 | +32.0% | -67.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UCIB and UK good diversifiers for each other?
Reasonably. At 0.29, UCIB and UK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between UCIB and UK?
The UCIB/UK correlation stands at 0.29 on a 3-year window (1 year: 0.58, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is UK a good diversifier for UCIB?
Reasonably. At 0.29, UCIB and UK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 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/ucib-vs-uk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ucib-vs-uk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: UCIB correlations · UK correlations
