UTZ vs WLFC: Correlation
Measured on weekly returns over the past three years, Utz Brands Inc (UTZ) and Willis Lease Finance Corporation (WLFC) carry a correlation of -0.46, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UTZ and WLFC?
Across a 3-year window, the weekly returns of UTZ and WLFC correlate at -0.46, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.62) runs below the 3-year figure (-0.46). Stretching to 5 years gives -0.34, with an annualized covariance of -1840.3 %².
Among the 15 assets we track against UTZ, WLFC sits near the bottom by co-movement, at rank #15. Their recent paths diverged sharply: over the last 12 months UTZ outperformed by 71.6 percentage points (+8.3% for UTZ against -63.3% for WLFC).
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.
UTZ vs WLFC: side by side
| UTZ (Utz Brands Inc) | WLFC (Willis Lease Finance Corporation) | |
|---|---|---|
| 1-year return | +8.3% | -63.3% |
| 5-year return | -16.7% | +47.2% |
| Volatility (ann.) | 65.9% | 61.3% |
| Beta vs S&P 500 | 0.07 | 1.30 |
| Max drawdown (3Y) | -63.8% | -77.4% |
| Market cap | $2.0B | $1.2B |
| P/E (trailing) | – | 13.8 |
| Dividend yield | 2.62% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UTZ | WLFC |
|---|---|---|
| 2022 | +0.9% | +56.7% |
| 2023 | +3.9% | -17.2% |
| 2024 | -2.1% | +327.3% |
| 2025 | -32.3% | -34.5% |
| 2026 | +39.2% | -59.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UTZ and WLFC good diversifiers for each other?
Yes. With a correlation of -0.46, UTZ and WLFC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between UTZ and WLFC?
As of 2026-08-27, the correlation of weekly returns between UTZ and WLFC is -0.46 over 3 years, -0.62 over 1 year and -0.34 over 5 years.
Is WLFC a good diversifier for UTZ?
Yes. With a correlation of -0.46, UTZ and WLFC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.46 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: UTZ correlations · WLFC correlations
