UWMC vs YJ: Correlation
UWM Holdings Corporation (UWMC) and Yunji Inc. - American Depository Shares (YJ) show a negative relationship: their 3-year correlation of weekly returns is -0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UWMC and YJ?
Over the past 3 years, UWMC and YJ moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.53 versus -0.35 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -2530.4 %².
YJ is close to the least connected end of UWMC's tracked universe, ranking #13 of 13. The last year tells two different stories: YJ led by 154.3 percentage points, -71.0% for UWMC against +83.3% for YJ. Note the risk asymmetry: YJ runs 2.7 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.
UWMC vs YJ: side by side
| UWMC (UWM Holdings Corporation) | YJ (Yunji Inc. - American Depository Shares) | |
|---|---|---|
| 1-year return | -71.0% | +83.3% |
| 5-year return | -69.4% | -89.8% |
| Volatility (ann.) | 52.6% | 139.4% |
| Beta vs S&P 500 | 0.96 | 0.56 |
| Max drawdown (3Y) | -84.9% | -73.6% |
| Market cap | $4.2B | – |
| P/E (trailing) | – | 1.5 |
| Dividend yield | 27.40% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UWMC | YJ |
|---|---|---|
| 2022 | -38.0% | +30.7% |
| 2023 | +132.1% | -91.3% |
| 2024 | -13.0% | -43.4% |
| 2025 | -19.3% | -26.7% |
| 2026 | -63.7% | +170.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UWMC and YJ good diversifiers for each other?
Yes. With a correlation of -0.35, UWMC and YJ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between UWMC and YJ?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.53 over the last year and -0.20 over 5 years.
Is YJ a good diversifier for UWMC?
Yes. With a correlation of -0.35, UWMC and YJ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 mean?
A reading of -0.35 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/uwmc-vs-yj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/uwmc-vs-yj/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: UWMC correlations · YJ correlations
