ARDT vs UHS: Correlation
Measured on weekly returns over the past three years, Ardent Health, Inc. (ARDT) and Universal Health Services (UHS) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARDT and UHS?
On 3 years of weekly data the ARDT/UHS correlation comes out at 0.40, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.40 over 3. The 5-year figure is n/a, and annualized covariance runs at 664.5 %².
Within ARDT's tracked universe of 22 assets, UHS comes in at #4 by 3-year correlation. On 12-month performance UHS holds a 8.5-point edge, -13.5% against -5.0%. One caveat on sizing: ARDT is 1.6 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.
ARDT vs UHS: side by side
| ARDT (Ardent Health, Inc.) | UHS (Universal Health Services) | |
|---|---|---|
| 1-year return | -13.5% | -5.0% |
| 5-year return | n/a | +13.5% |
| Volatility (ann.) | 48.5% | 31.1% |
| Beta vs S&P 500 | 0.65 | 0.60 |
| Max drawdown (3Y) | -61.2% | -42.0% |
| Market cap | $1.6B | $10.2B |
| P/E (trailing) | 20.7 | 7.3 |
| Dividend yield | 0.00% | 0.45% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | ARDT | UHS |
|---|---|---|
| 2022 | – | +9.4% |
| 2023 | – | +8.8% |
| 2024 | – | +18.2% |
| 2025 | -48.3% | +22.0% |
| 2026 | +24.5% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARDT and UHS good diversifiers for each other?
Reasonably. At 0.40, ARDT and UHS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARDT and UHS?
As of 2026-08-27, the correlation of weekly returns between ARDT and UHS is 0.40 over 3 years, 0.39 over 1 year and n/a over 5 years.
Is UHS a good diversifier for ARDT?
Reasonably. At 0.40, ARDT and UHS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ardt-vs-uhs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ardt-vs-uhs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARDT correlations · UHS correlations
