UPBD vs WWW: Correlation
How closely do Upbound Group, Inc. (UPBD) and Wolverine World Wide, Inc. (WWW) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UPBD and WWW?
Over the past 3 years, UPBD and WWW moved with a correlation of 0.53, which is moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 1242.3 %².
Among the 19 assets we track against UPBD, WWW ranks #8 by 3-year correlation. The last year tells two different stories: UPBD led by 16.6 percentage points, -19.8% for UPBD against -36.4% for WWW.
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.
UPBD vs WWW: side by side
| UPBD (Upbound Group, Inc.) | WWW (Wolverine World Wide, Inc.) | |
|---|---|---|
| 1-year return | -19.8% | -36.4% |
| 5-year return | -60.7% | -38.6% |
| Volatility (ann.) | 41.4% | 57.1% |
| Beta vs S&P 500 | 1.23 | 1.60 |
| Max drawdown (3Y) | -54.2% | -58.0% |
| Market cap | $1.1B | $1.6B |
| P/E (trailing) | 12.6 | 15.7 |
| Dividend yield | 8.02% | 1.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UPBD | WWW |
|---|---|---|
| 2022 | -49.9% | -61.1% |
| 2023 | +57.9% | -15.6% |
| 2024 | -10.1% | +155.3% |
| 2025 | -35.4% | -16.5% |
| 2026 | +14.6% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UPBD and WWW good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between UPBD and WWW?
The UPBD/WWW correlation stands at 0.53 on a 3-year window (1 year: 0.58, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is WWW a good diversifier for UPBD?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 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
$ curl https://www.pairbook.io/api/v1/pairs/upbd-vs-www.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/upbd-vs-www/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: UPBD correlations · WWW correlations
