UPS vs WHR: Correlation
United Parcel Service (UPS) and Whirlpool Corporation (WHR) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UPS and WHR?
On 3 years of weekly data the UPS/WHR correlation comes out at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 749.8 %².
Among the 34 assets we track against UPS, WHR ranks #5 by 3-year correlation. The last year tells two different stories: UPS led by 84.7 percentage points, +28.2% for UPS against -56.5% for WHR. Risk is not evenly split, since WHR carries 1.6 times the volatility of the other side.
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.
UPS vs WHR: side by side
| UPS (United Parcel Service) | WHR (Whirlpool Corporation) | |
|---|---|---|
| 1-year return | +28.2% | -56.5% |
| 5-year return | -31.0% | -77.3% |
| Volatility (ann.) | 29.4% | 45.6% |
| Beta vs S&P 500 | 0.81 | 1.09 |
| Max drawdown (3Y) | -46.5% | -71.1% |
| Market cap | $89.9B | $2.6B |
| P/E (trailing) | 19.6 | 13.1 |
| Dividend yield | 6.21% | 6.73% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | UPS | WHR |
|---|---|---|
| 2022 | -16.2% | -37.2% |
| 2023 | -6.0% | -9.1% |
| 2024 | -15.9% | +0.6% |
| 2025 | -15.9% | -33.0% |
| 2026 | +11.6% | -44.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UPS and WHR good diversifiers for each other?
Only partially. A correlation of 0.56 means UPS and WHR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between UPS and WHR?
As of 2026-08-27, the correlation of weekly returns between UPS and WHR is 0.56 over 3 years, 0.48 over 1 year and 0.55 over 5 years.
Is WHR a good diversifier for UPS?
Only partially. A correlation of 0.56 means UPS and WHR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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/ups-vs-whr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ups-vs-whr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: UPS correlations · WHR correlations
