UONE vs UONEK: Correlation
Urban One, Inc. (UONE) and Urban One, Inc. (UONEK) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UONE and UONEK?
On 3 years of weekly data the UONE/UONEK correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 2254.6 %².
UONEK is one of the assets that tracks UONE most closely: it ranks #1 out of the 10 assets we track against UONE. The last year tells two different stories: UONEK led by 23.6 percentage points, -70.4% for UONE against -46.8% for UONEK.
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.
UONE vs UONEK: side by side
| UONE (Urban One, Inc.) | UONEK (Urban One, Inc.) | |
|---|---|---|
| 1-year return | -70.4% | -46.8% |
| 5-year return | -93.9% | -93.7% |
| Volatility (ann.) | 67.2% | 82.3% |
| Beta vs S&P 500 | 0.97 | 0.73 |
| Max drawdown (3Y) | -91.9% | -93.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UONE | UONEK |
|---|---|---|
| 2022 | -2.2% | +10.9% |
| 2023 | -11.4% | -6.1% |
| 2024 | -61.8% | -71.7% |
| 2025 | -33.1% | -14.0% |
| 2026 | -53.4% | -49.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UONE and UONEK good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between UONE and UONEK?
The UONE/UONEK correlation stands at 0.41 on a 3-year window (1 year: 0.32, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is UONEK a good diversifier for UONE?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: UONE correlations · UONEK correlations
