UE vs VMD: Correlation
How closely do Urban Edge Properties (UE) and Viemed Healthcare, Inc. (VMD) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UE and VMD?
Across a 3-year window, the weekly returns of UE and VMD correlate at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Stretching to 5 years gives 0.30, with an annualized covariance of 422.3 %².
By 3-year correlation, VMD places #22 of the 27 assets tracked against UE. Correlation aside, the last 12 months split them widely, with VMD ahead by 18.6 points (+6.9% versus +25.5%). One caveat on sizing: VMD is 1.7 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.
UE vs VMD: side by side
| UE (Urban Edge Properties) | VMD (Viemed Healthcare, Inc.) | |
|---|---|---|
| 1-year return | +6.9% | +25.5% |
| 5-year return | +37.5% | +43.9% |
| Volatility (ann.) | 23.3% | 40.5% |
| Beta vs S&P 500 | 0.70 | 0.73 |
| Max drawdown (3Y) | -29.7% | -40.6% |
| Market cap | $2.9B | $0.3B |
| P/E (trailing) | 40.2 | 25.7 |
| Dividend yield | 3.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UE | VMD |
|---|---|---|
| 2022 | -22.8% | +44.8% |
| 2023 | +35.3% | +3.8% |
| 2024 | +21.7% | +2.2% |
| 2025 | -7.2% | -7.4% |
| 2026 | +13.2% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UE and VMD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between UE and VMD?
The UE/VMD correlation stands at 0.45 on a 3-year window (1 year: 0.49, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is VMD a good diversifier for UE?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/ue-vs-vmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ue-vs-vmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: UE correlations · VMD correlations
