URI vs ZCMD: Correlation
Measured on weekly returns over the past three years, United Rentals (URI) and Zhongchao Inc. - Class A (ZCMD) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are URI and ZCMD?
On 3 years of weekly data the URI/ZCMD correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. The 5-year figure is -0.12, and annualized covariance runs at -958.5 %².
By 3-year correlation, ZCMD places #32 of the 37 assets tracked against URI. The last year tells two different stories: URI led by 110.1 percentage points, +10.2% for URI against -99.9% for ZCMD. Risk is not evenly split, since ZCMD carries 3.6 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.
URI vs ZCMD: side by side
| URI (United Rentals) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | +10.2% | -99.9% |
| 5-year return | +204.1% | -100.0% |
| Volatility (ann.) | 39.5% | 141.8% |
| Beta vs S&P 500 | 1.42 | 0.59 |
| Max drawdown (3Y) | -37.0% | -100.0% |
| Market cap | $64.6B | – |
| P/E (trailing) | 25.4 | – |
| Dividend yield | 0.71% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | URI | ZCMD |
|---|---|---|
| 2022 | +7.0% | -35.4% |
| 2023 | +63.6% | -69.5% |
| 2024 | +24.0% | -53.8% |
| 2025 | +15.9% | -72.2% |
| 2026 | +29.0% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are URI and ZCMD good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between URI and ZCMD?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.19 over the last year and -0.12 over 5 years.
Is ZCMD a good diversifier for URI?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 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/uri-vs-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/uri-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: URI correlations · ZCMD correlations
