CI vs EHC: Correlation
Cigna (CI) and Encompass Health Corporation (EHC) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CI and EHC?
Over the past 3 years, CI and EHC moved with a correlation of 0.38, which is moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.38 over 3. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 251.4 %².
By 3-year correlation, EHC places #14 of the 30 assets tracked against CI. Their 12-month results are close: -5.4% for CI against -2.6% for EHC.
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.
CI vs EHC: side by side
| CI (Cigna) | EHC (Encompass Health Corporation) | |
|---|---|---|
| 1-year return | -5.4% | -2.6% |
| 5-year return | +46.7% | +101.2% |
| Volatility (ann.) | 26.7% | 24.5% |
| Beta vs S&P 500 | 0.22 | 0.61 |
| Max drawdown (3Y) | -32.1% | -26.1% |
| Market cap | $73.4B | $11.8B |
| P/E (trailing) | 11.6 | 20.2 |
| Dividend yield | 2.19% | 0.63% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | CI | EHC |
|---|---|---|
| 2022 | +46.7% | +17.0% |
| 2023 | -8.0% | +12.6% |
| 2024 | -6.3% | +39.2% |
| 2025 | +1.7% | +15.7% |
| 2026 | +2.0% | +13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CI and EHC good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CI and EHC?
As of 2026-08-27, the correlation of weekly returns between CI and EHC is 0.38 over 3 years, 0.42 over 1 year and 0.37 over 5 years.
Is EHC a good diversifier for CI?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ci-vs-ehc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ci-vs-ehc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CI correlations · EHC correlations
