CCEC vs UNH: Correlation
How closely do Capital Clean Energy Carriers Corp. - Common Share (CCEC) and UnitedHealth Group (UNH) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCEC and UNH?
Across a 3-year window, the weekly returns of CCEC and UNH correlate at -0.19, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.02) runs above the 3-year figure (-0.19). Stretching to 5 years gives -0.11, with an annualized covariance of -237.5 %².
Out of 10 assets tracked against CCEC, UNH lands near the bottom at #9. The last year tells two different stories: UNH led by 24.9 percentage points, +8.6% for CCEC against +33.5% for UNH.
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.
CCEC vs UNH: side by side
| CCEC (Capital Clean Energy Carriers Corp. - Common Share) | UNH (UnitedHealth Group) | |
|---|---|---|
| 1-year return | +8.6% | +33.5% |
| 5-year return | +118.1% | +3.1% |
| Volatility (ann.) | 31.2% | 39.8% |
| Beta vs S&P 500 | 0.35 | 0.17 |
| Max drawdown (3Y) | -28.6% | -61.4% |
| Market cap | $1.4B | $354.6B |
| P/E (trailing) | 13.6 | 25.8 |
| Dividend yield | 2.67% | 2.23% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CCEC | UNH |
|---|---|---|
| 2022 | -11.8% | +6.9% |
| 2023 | +8.7% | +0.8% |
| 2024 | +33.9% | -2.4% |
| 2025 | +17.0% | -33.1% |
| 2026 | +11.5% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCEC and UNH good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CCEC and UNH?
As of 2026-08-27, the correlation of weekly returns between CCEC and UNH is -0.19 over 3 years, -0.02 over 1 year and -0.11 over 5 years.
Is UNH a good diversifier for CCEC?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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/ccec-vs-unh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccec-vs-unh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCEC correlations · UNH correlations
