CVS vs HUM: Correlation
How closely do CVS Health (CVS) and Humana (HUM) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVS and HUM?
Over the past 3 years, CVS and HUM moved with a correlation of 0.34, which is moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.34). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 500.9 %².
By 3-year correlation, HUM places #15 of the 32 assets tracked against CVS. Neither side won the trailing year by much: +33.3% against +34.0%. This link changes with the market regime, having swung between -0.02 and 0.61 on a rolling one-year basis.
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.
CVS vs HUM: side by side
| CVS (CVS Health) | HUM (Humana) | |
|---|---|---|
| 1-year return | +33.3% | +34.0% |
| 5-year return | +29.6% | +1.8% |
| Volatility (ann.) | 34.4% | 43.3% |
| Beta vs S&P 500 | 0.40 | 0.52 |
| Max drawdown (3Y) | -44.0% | -67.9% |
| Market cap | $118.8B | $47.1B |
| P/E (trailing) | 24.8 | 36.9 |
| Dividend yield | 2.82% | 0.91% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | CVS | HUM |
|---|---|---|
| 2022 | -7.6% | +11.2% |
| 2023 | -12.5% | -9.9% |
| 2024 | -40.8% | -44.0% |
| 2025 | +84.3% | +2.4% |
| 2026 | +19.8% | +54.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVS and HUM good diversifiers for each other?
Reasonably. At 0.34, CVS and HUM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CVS and HUM?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.55 over the last year and 0.34 over 5 years.
Is HUM a good diversifier for CVS?
Reasonably. At 0.34, CVS and HUM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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/cvs-vs-hum.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvs-vs-hum/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVS correlations · HUM correlations
