ULTA vs URBN: Correlation
Ulta Beauty (ULTA) and Urban Outfitters, Inc. (URBN) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ULTA and URBN?
On 3 years of weekly data the ULTA/URBN correlation comes out at 0.40, moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.40 over 3. The 5-year figure is 0.38, and annualized covariance runs at 590.7 %².
Among the 31 assets we track against ULTA, URBN ranks #11 by 3-year correlation. Twelve-month performance is nearly a tie, at +1.2% for ULTA and +1.0% for URBN.
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.
ULTA vs URBN: side by side
| ULTA (Ulta Beauty) | URBN (Urban Outfitters, Inc.) | |
|---|---|---|
| 1-year return | +1.2% | +1.0% |
| 5-year return | +41.0% | +132.0% |
| Volatility (ann.) | 35.3% | 41.9% |
| Beta vs S&P 500 | 0.75 | 1.09 |
| Max drawdown (3Y) | -44.6% | -28.5% |
| Market cap | $23.2B | $6.7B |
| P/E (trailing) | 20.4 | 15.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | ULTA | URBN |
|---|---|---|
| 2022 | +13.8% | -18.8% |
| 2023 | +4.5% | +49.6% |
| 2024 | -11.2% | +53.8% |
| 2025 | +39.1% | +37.1% |
| 2026 | -10.7% | +4.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ULTA and URBN good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ULTA and URBN?
As of 2026-08-27, the correlation of weekly returns between ULTA and URBN is 0.40 over 3 years, 0.33 over 1 year and 0.38 over 5 years.
Is URBN a good diversifier for ULTA?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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/ulta-vs-urbn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ulta-vs-urbn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ULTA correlations · URBN correlations
