CAH vs USAR: Correlation
Measured on weekly returns over the past three years, Cardinal Health (CAH) and USA Rare Earth, Inc. (USAR) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAH and USAR?
Across a 3-year window, the weekly returns of CAH and USAR correlate at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.22 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -514.6 %².
Among the 32 assets we track against CAH, USAR ranks #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CAH outperformed by 36.5 percentage points (+59.2% for CAH against +22.7% for USAR). Risk is not evenly split, since USAR carries 4.1 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.
CAH vs USAR: side by side
| CAH (Cardinal Health) | USAR (USA Rare Earth, Inc.) | |
|---|---|---|
| 1-year return | +59.2% | +22.7% |
| 5-year return | +409.0% | n/a |
| Volatility (ann.) | 24.2% | 98.3% |
| Beta vs S&P 500 | 0.31 | -0.14 |
| Max drawdown (3Y) | -20.4% | -69.2% |
| Market cap | $54.7B | $4.7B |
| P/E (trailing) | 33.0 | – |
| Dividend yield | 0.86% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | CAH | USAR |
|---|---|---|
| 2022 | +54.1% | – |
| 2023 | +34.1% | – |
| 2024 | +19.0% | +11.1% |
| 2025 | +76.3% | +3.7% |
| 2026 | +15.2% | +61.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAH and USAR good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between CAH and USAR?
The CAH/USAR correlation stands at -0.22 on a 3-year window (1 year: -0.31, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is USAR a good diversifier for CAH?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cah-vs-usar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cah-vs-usar/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CAH correlations · USAR correlations
