COO vs UHS: Correlation
Cooper Companies (The) (COO) and Universal Health Services (UHS) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COO and UHS?
Over the past 3 years, COO and UHS moved with a correlation of 0.36, which is moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 311.6 %².
Among the 38 assets we track against COO, UHS ranks #25 by 3-year correlation. Their 12-month results are close: -4.3% for COO against -5.0% for UHS. On a rolling one-year basis the correlation drifted between 0.19 and 0.58, 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.
COO vs UHS: side by side
| COO (Cooper Companies (The)) | UHS (Universal Health Services) | |
|---|---|---|
| 1-year return | -4.3% | -5.0% |
| 5-year return | -36.8% | +13.5% |
| Volatility (ann.) | 27.7% | 31.1% |
| Beta vs S&P 500 | 0.69 | 0.60 |
| Max drawdown (3Y) | -47.0% | -42.0% |
| Market cap | – | $10.2B |
| P/E (trailing) | 61.7 | 7.3 |
| Dividend yield | 0.00% | 0.45% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | COO | UHS |
|---|---|---|
| 2022 | -21.1% | +9.4% |
| 2023 | +14.5% | +8.8% |
| 2024 | -2.8% | +18.2% |
| 2025 | -10.8% | +22.0% |
| 2026 | -13.4% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COO and UHS good diversifiers for each other?
Reasonably. At 0.36, COO and UHS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COO and UHS?
As of 2026-08-27, the correlation of weekly returns between COO and UHS is 0.36 over 3 years, 0.28 over 1 year and 0.40 over 5 years.
Is UHS a good diversifier for COO?
Reasonably. At 0.36, COO and UHS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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: COO correlations · UHS correlations
