ULBI vs. FUN
ULBI (Ultralife Corporation) and FUN (Cedar Fair, L.P.) are both stocks. ULBI operates in Electrical Equipment & Parts (Industrials), while FUN operates in Leisure (Consumer Cyclical). Over the past 10 years, ULBI returned 3.10%/yr vs -5.82%/yr for FUN. At a 0.12 correlation, their price movements are largely independent.
Performance
ULBI vs. FUN - Performance Comparison
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Returns By Period
In the year-to-date period, ULBI achieves a 15.03% return, which is significantly lower than FUN's 52.80% return. Over the past 10 years, ULBI has outperformed FUN with an annualized return of 3.10%, while FUN has yielded a comparatively lower -5.82% annualized return.
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
- 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 vs. FUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ULBI Ultralife Corporation | 15.03% | -23.22% | 9.24% | 76.68% | -36.09% | -6.65% | -12.45% | 9.48% | 3.05% | 32.32% |
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% |
Correlation
The correlation between ULBI and FUN 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 ULBI and FUN shifts across timeframes, from 0.12 (all time) to 0.24 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ULBI:
$109.60M
FUN:
$2.38B
ULBI:
-$0.49
FUN:
-$16.06
ULBI:
0.58
FUN:
0.82
ULBI:
0.85
FUN:
0.26
ULBI:
$187.86M
FUN:
$2.90B
ULBI:
$43.39M
FUN:
$1.59B
ULBI:
$6.73M
FUN:
-$733.45M
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Return for Risk
ULBI vs. FUN — Risk / Return Rank
ULBI
FUN
ULBI vs. FUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ultralife Corporation (ULBI) and Cedar Fair, L.P. (FUN). 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.
| ULBI | FUN | 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 | 1.00 | 0.98 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | -0.43 | +0.07 |
| Martin ratioReturn relative to average drawdown | -0.58 | -0.66 | +0.08 |
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Drawdowns
ULBI vs. FUN - Drawdown Comparison
The maximum ULBI drawdown since its inception was -92.90%, which is greater than FUN's maximum drawdown of -77.75%. Use the drawdown chart below to compare losses from any high point for ULBI and FUN.
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Drawdown Indicators
| ULBI | FUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.90% | -77.75% | -15.15% |
Max Drawdown (1Y)Largest decline over 1 year | -44.69% | -61.05% | +16.36% |
Max Drawdown (3Y)Largest decline over 3 years | -68.83% | -77.74% | +8.91% |
Max Drawdown (5Y)Largest decline over 5 years | -68.83% | -77.74% | +8.91% |
Max Drawdown (10Y)Largest decline over 10 years | -68.83% | -77.75% | +8.92% |
Current DrawdownCurrent decline from peak | -73.14% | -59.33% | -13.81% |
Average DrawdownAverage peak-to-trough decline | -63.48% | -19.87% | -43.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.64% | 39.79% | -12.15% |
Volatility
ULBI vs. FUN - Volatility Comparison
Ultralife Corporation (ULBI) has a higher volatility of 18.04% compared to Cedar Fair, L.P. (FUN) at 15.26%. This indicates that ULBI's price experiences larger fluctuations and is considered to be riskier than FUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ULBI | FUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.04% | 15.26% | +2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 41.57% | 44.94% | -3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.63% | 66.85% | -9.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.99% | 44.02% | +14.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.53% | 45.15% | +9.38% |
Dividends
ULBI vs. FUN - Dividend Comparison
Neither ULBI nor FUN 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
ULBI vs. FUN - Financials Comparison
This section allows you to compare key financial metrics between Ultralife Corporation and Cedar Fair, L.P.. 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
ULBI and FUN 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, ULBI dropped -92.90% vs FUN's -77.75%.
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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