CAH vs UHS: Correlation
How closely do Cardinal Health (CAH) and Universal Health Services (UHS) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAH and UHS?
On 3 years of weekly data the CAH/UHS correlation comes out at 0.24, weak. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 180.5 %².
Among the 32 assets we track against CAH, UHS ranks #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CAH ahead by 64.2 points (+59.2% versus -5.0%). On a rolling one-year basis the correlation drifted between 0.17 and 0.52, a moderate band.
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.
CAH vs UHS: side by side
| CAH (Cardinal Health) | UHS (Universal Health Services) | |
|---|---|---|
| 1-year return | +59.2% | -5.0% |
| 5-year return | +409.0% | +13.5% |
| Volatility (ann.) | 24.2% | 31.1% |
| Beta vs S&P 500 | 0.31 | 0.60 |
| Max drawdown (3Y) | -20.4% | -42.0% |
| Market cap | $54.7B | $10.2B |
| P/E (trailing) | 33.0 | 7.3 |
| Dividend yield | 0.86% | 0.45% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | CAH | UHS |
|---|---|---|
| 2022 | +54.1% | +9.4% |
| 2023 | +34.1% | +8.8% |
| 2024 | +19.0% | +18.2% |
| 2025 | +76.3% | +22.0% |
| 2026 | +15.2% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAH and UHS good diversifiers for each other?
Reasonably. At 0.24, CAH and UHS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CAH and UHS?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with 0.28 over the last year and 0.32 over 5 years.
Is UHS a good diversifier for CAH?
Reasonably. At 0.24, CAH and UHS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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
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Related comparisons
Hubs: CAH correlations · UHS correlations
