AGL vs UNH: Correlation
agilon health, inc. (AGL) and UnitedHealth Group (UNH) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGL and UNH?
Over the past 3 years, AGL and UNH moved with a correlation of 0.32, which is moderate. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 1605.1 %².
Among the 14 assets we track against AGL, UNH ranks #6 by 3-year correlation. The last year tells two different stories: AGL led by 156.3 percentage points, +189.8% for AGL against +33.5% for UNH. Risk is not evenly split, since AGL carries 3.2 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.
AGL vs UNH: side by side
| AGL (agilon health, inc.) | UNH (UnitedHealth Group) | |
|---|---|---|
| 1-year return | +189.8% | +33.5% |
| 5-year return | -90.0% | +3.1% |
| Volatility (ann.) | 126.1% | 39.8% |
| Beta vs S&P 500 | 1.73 | 0.17 |
| Max drawdown (3Y) | -98.4% | -61.4% |
| Market cap | $1.6B | $354.6B |
| P/E (trailing) | – | 25.8 |
| Dividend yield | 0.00% | 2.23% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | AGL | UNH |
|---|---|---|
| 2022 | -40.2% | +6.9% |
| 2023 | -22.2% | +0.8% |
| 2024 | -84.9% | -2.4% |
| 2025 | -63.7% | -33.1% |
| 2026 | +446.8% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGL and UNH good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AGL and UNH?
As of 2026-08-27, the correlation of weekly returns between AGL and UNH is 0.32 over 3 years, 0.32 over 1 year and 0.32 over 5 years.
Is UNH a good diversifier for AGL?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 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/agl-vs-unh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agl-vs-unh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGL correlations · UNH correlations
