URGN vs USBC: Correlation
How closely do UroGen Pharma Ltd. (URGN) and USBC, Inc. (USBC) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are URGN and USBC?
Across a 3-year window, the weekly returns of URGN and USBC correlate at 0.54, moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.54). Stretching to 5 years gives 0.35, with an annualized covariance of 9195.6 %².
In URGN's tracked universe of 13 assets, USBC sits right near the top at #1. Correlation aside, the last 12 months split them widely, with URGN ahead by 190.6 points (+132.9% versus -57.7%). Note the risk asymmetry: USBC runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
URGN vs USBC: side by side
| URGN (UroGen Pharma Ltd.) | USBC (USBC, Inc.) | |
|---|---|---|
| 1-year return | +132.9% | -57.7% |
| 5-year return | +157.5% | -99.5% |
| Volatility (ann.) | 88.1% | 193.2% |
| Beta vs S&P 500 | 1.29 | 2.72 |
| Max drawdown (3Y) | -79.7% | -99.2% |
| Market cap | $2.2B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | URGN | USBC |
|---|---|---|
| 2022 | -6.7% | -5.9% |
| 2023 | +69.1% | -68.1% |
| 2024 | -29.0% | -66.7% |
| 2025 | +119.9% | -90.7% |
| 2026 | +94.3% | -29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are URGN and USBC good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between URGN and USBC?
As of 2026-08-27, the correlation of weekly returns between URGN and USBC is 0.54 over 3 years, 0.23 over 1 year and 0.35 over 5 years.
Is USBC a good diversifier for URGN?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: URGN correlations · USBC correlations
