UONE vs XRX: Correlation
How closely do Urban One, Inc. (UONE) and Xerox Holdings Corporation (XRX) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UONE and XRX?
Across a 3-year window, the weekly returns of UONE and XRX correlate at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 2031.3 %².
XRX is one of the assets that tracks UONE most closely: it ranks #3 out of the 10 assets we track against UONE. Their recent paths diverged sharply: over the last 12 months XRX outperformed by 50.4 percentage points (-70.4% for UONE against -20.0% for XRX).
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 XRX: side by side
| UONE (Urban One, Inc.) | XRX (Xerox Holdings Corporation) | |
|---|---|---|
| 1-year return | -70.4% | -20.0% |
| 5-year return | -93.9% | -81.9% |
| Volatility (ann.) | 67.2% | 77.4% |
| Beta vs S&P 500 | 0.97 | 2.12 |
| Max drawdown (3Y) | -91.9% | -92.7% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 3.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UONE | XRX |
|---|---|---|
| 2022 | -2.2% | -31.3% |
| 2023 | -11.4% | +33.8% |
| 2024 | -61.8% | -49.8% |
| 2025 | -33.1% | -70.6% |
| 2026 | -53.4% | +28.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UONE and XRX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between UONE and XRX?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.40 over the last year and 0.32 over 5 years.
Is XRX a good diversifier for UONE?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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: UONE correlations · XRX correlations
