FUN vs. ULBI
FUN (Cedar Fair, L.P.) and ULBI (Ultralife Corporation) are both stocks. FUN operates in Leisure (Consumer Cyclical), while ULBI operates in Electrical Equipment & Parts (Industrials). Over the past 10 years, FUN returned -5.82%/yr vs 3.10%/yr for ULBI. At a 0.12 correlation, their price movements are largely independent.
Performance
FUN vs. ULBI - Performance Comparison
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Returns By Period
In the year-to-date period, FUN achieves a 52.80% return, which is significantly higher than ULBI's 15.03% return. Over the past 10 years, FUN has underperformed ULBI with an annualized return of -5.82%, while ULBI has yielded a comparatively higher 3.10% annualized return.
FUN
- 1D
- -3.90%
- 1M
- 9.94%
- YTD
- 52.80%
- 6M
- 57.21%
- 1Y
- -21.53%
- 3Y*
- -16.99%
- 5Y*
- -11.16%
- 10Y*
- -5.82%
ULBI
- 1D
- 1.23%
- 1M
- 8.40%
- YTD
- 15.03%
- 6M
- 14.43%
- 1Y
- -14.99%
- 3Y*
- 10.86%
- 5Y*
- -5.76%
- 10Y*
- 3.10%
FUN vs. ULBI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUN Cedar Fair, L.P. | 52.80% | -68.17% | 26.39% | -0.96% | -16.23% | 27.25% | -27.49% | 25.65% | -22.66% | 6.45% |
ULBI Ultralife Corporation | 15.03% | -23.22% | 9.24% | 76.68% | -36.09% | -6.65% | -12.45% | 9.48% | 3.05% | 32.32% |
Correlation
The correlation between FUN and ULBI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 1992 | 0.12 |
The correlation between FUN and ULBI shifts across timeframes, from 0.12 (all time) to 0.24 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
FUN:
$2.38B
ULBI:
$109.60M
FUN:
-$16.06
ULBI:
-$0.49
FUN:
0.82
ULBI:
0.58
FUN:
0.26
ULBI:
0.85
FUN:
$2.90B
ULBI:
$187.86M
FUN:
$1.59B
ULBI:
$43.39M
FUN:
-$733.45M
ULBI:
$6.73M
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Return for Risk
FUN vs. ULBI — Risk / Return Rank
FUN
ULBI
FUN vs. ULBI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cedar Fair, L.P. (FUN) and Ultralife Corporation (ULBI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FUN | ULBI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.00 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | -0.36 | -0.07 |
| Martin ratioReturn relative to average drawdown | -0.66 | -0.58 | -0.08 |
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Drawdowns
FUN vs. ULBI - Drawdown Comparison
The maximum FUN drawdown since its inception was -77.75%, smaller than the maximum ULBI drawdown of -92.90%. Use the drawdown chart below to compare losses from any high point for FUN and ULBI.
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Drawdown Indicators
| FUN | ULBI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.75% | -92.90% | +15.15% |
Max Drawdown (1Y)Largest decline over 1 year | -61.05% | -44.69% | -16.36% |
Max Drawdown (3Y)Largest decline over 3 years | -77.74% | -68.83% | -8.91% |
Max Drawdown (5Y)Largest decline over 5 years | -77.74% | -68.83% | -8.91% |
Max Drawdown (10Y)Largest decline over 10 years | -77.75% | -68.83% | -8.92% |
Current DrawdownCurrent decline from peak | -59.33% | -73.14% | +13.81% |
Average DrawdownAverage peak-to-trough decline | -19.87% | -63.48% | +43.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.79% | 27.64% | +12.15% |
Volatility
FUN vs. ULBI - Volatility Comparison
The current volatility for Cedar Fair, L.P. (FUN) is 15.26%, while Ultralife Corporation (ULBI) has a volatility of 18.04%. This indicates that FUN experiences smaller price fluctuations and is considered to be less risky than ULBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUN | ULBI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.26% | 18.04% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 44.94% | 41.57% | +3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.85% | 57.63% | +9.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.02% | 58.99% | -14.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.15% | 54.53% | -9.38% |
Dividends
FUN vs. ULBI - Dividend Comparison
Neither FUN nor ULBI has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUN Cedar Fair, L.P. | 0.00% | 0.00% | 4.42% | 3.02% | 1.45% | 0.00% | 2.38% | 6.69% | 7.60% | 5.32% | 5.19% | 5.51% |
ULBI Ultralife Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
FUN vs. ULBI - Financials Comparison
This section allows you to compare key financial metrics between Cedar Fair, L.P. and Ultralife Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
FUN and ULBI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ULBI has higher volatility (18.04%) compared to FUN (15.26%). In terms of maximum drawdown, FUN dropped -77.75% vs ULBI's -92.90%.
ULBI currently has the higher Sharpe Ratio (-0.28 vs -0.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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