EDVA vs UNH: Correlation
Endovia Health Sciences, Inc. (EDVA) and UnitedHealth Group (UNH) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDVA and UNH?
Over the past 3 years, EDVA and UNH moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.09 versus -0.21 over 3 years. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -1426.5 %².
Out of 11 assets tracked against EDVA, UNH lands near the bottom at #10. The last year tells two different stories: UNH led by 128.9 percentage points, -95.4% for EDVA against +33.5% for UNH. One caveat on sizing: EDVA is 4.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EDVA vs UNH: side by side
| EDVA (Endovia Health Sciences, Inc.) | UNH (UnitedHealth Group) | |
|---|---|---|
| 1-year return | -95.4% | +33.5% |
| 5-year return | -99.9% | +3.1% |
| Volatility (ann.) | 170.0% | 39.8% |
| Beta vs S&P 500 | 1.54 | 0.17 |
| Max drawdown (3Y) | -99.7% | -61.4% |
| Market cap | – | $354.6B |
| P/E (trailing) | – | 25.8 |
| Dividend yield | 0.00% | 2.23% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | EDVA | UNH |
|---|---|---|
| 2022 | -17.7% | +6.9% |
| 2023 | -42.6% | +0.8% |
| 2024 | -70.8% | -2.4% |
| 2025 | -89.3% | -33.1% |
| 2026 | -88.4% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDVA and UNH good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EDVA and UNH?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with 0.09 over the last year and -0.10 over 5 years.
Is UNH a good diversifier for EDVA?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 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/edva-vs-unh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/edva-vs-unh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EDVA correlations · UNH correlations
