BSIN vs UHS: Correlation
Measured on weekly returns over the past three years, Big Sky Industrial Inc. (BSIN) and Universal Health Services (UHS) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSIN and UHS?
On 3 years of weekly data the BSIN/UHS correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. The 5-year figure is -0.06, and annualized covariance runs at -620.0 %².
Among the 13 assets we track against BSIN, UHS sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with BSIN ahead by 33.0 points (+28.0% versus -5.0%). Note the risk asymmetry: BSIN runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BSIN vs UHS: side by side
| BSIN (Big Sky Industrial Inc.) | UHS (Universal Health Services) | |
|---|---|---|
| 1-year return | +28.0% | -5.0% |
| 5-year return | -60.2% | +13.5% |
| Volatility (ann.) | 75.7% | 31.1% |
| Beta vs S&P 500 | 0.30 | 0.60 |
| Max drawdown (3Y) | -81.8% | -42.0% |
| Market cap | $0.1B | $10.2B |
| P/E (trailing) | – | 7.3 |
| Dividend yield | 0.00% | 0.45% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BSIN | UHS |
|---|---|---|
| 2022 | -28.2% | +9.4% |
| 2023 | -55.3% | +8.8% |
| 2024 | +63.0% | +18.2% |
| 2025 | -43.6% | +22.0% |
| 2026 | +64.1% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSIN and UHS good diversifiers for each other?
Yes. With a correlation of -0.26, BSIN and UHS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BSIN and UHS?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.32 over the last year and -0.06 over 5 years.
Is UHS a good diversifier for BSIN?
Yes. With a correlation of -0.26, BSIN and UHS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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.
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Related comparisons
Hubs: BSIN correlations · UHS correlations
