ALHC vs MPC: Correlation
Measured on weekly returns over the past three years, Alignment Healthcare, Inc. (ALHC) and Marathon Petroleum (MPC) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALHC and MPC?
Across a 3-year window, the weekly returns of ALHC and MPC correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Stretching to 5 years gives -0.11, with an annualized covariance of -433.5 %².
MPC is close to the least connected end of ALHC's tracked universe, ranking #12 of 15. The last year tells two different stories: MPC led by 123.8 percentage points, -16.0% for ALHC against +107.8% for MPC. One caveat on sizing: ALHC is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ALHC vs MPC: side by side
| ALHC (Alignment Healthcare, Inc.) | MPC (Marathon Petroleum) | |
|---|---|---|
| 1-year return | -16.0% | +107.8% |
| 5-year return | -25.5% | +589.6% |
| Volatility (ann.) | 59.1% | 34.2% |
| Beta vs S&P 500 | 0.29 | 0.48 |
| Max drawdown (3Y) | -50.3% | -44.7% |
| Market cap | $2.8B | $102.1B |
| P/E (trailing) | 75.3 | 12.6 |
| Dividend yield | 0.00% | 1.10% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | ALHC | MPC |
|---|---|---|
| 2022 | -16.4% | +86.6% |
| 2023 | -26.8% | +30.5% |
| 2024 | +30.7% | -4.1% |
| 2025 | +75.6% | +19.2% |
| 2026 | -31.3% | +126.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALHC and MPC good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALHC and MPC?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.21 over the last year and -0.11 over 5 years.
Is MPC a good diversifier for ALHC?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ALHC correlations · MPC correlations
