EG vs UNH: Correlation
Everest Group (EG) and UnitedHealth Group (UNH) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EG and UNH?
On 3 years of weekly data the EG/UNH correlation comes out at 0.27, weak. Recent behaviour matches the longer record: 0.34 over 1 year against 0.27 over 3. The 5-year figure is 0.24, and annualized covariance runs at 240.2 %².
Among the 30 assets we track against EG, UNH ranks #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with UNH ahead by 22.2 points (+11.3% versus +33.5%). The rolling one-year correlation moved between 0.13 and 0.47 over the past three years, a moderate range. Note the risk asymmetry: UNH runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EG vs UNH: side by side
| EG (Everest Group) | UNH (UnitedHealth Group) | |
|---|---|---|
| 1-year return | +11.3% | +33.5% |
| 5-year return | +57.2% | +3.1% |
| Volatility (ann.) | 22.2% | 39.8% |
| Beta vs S&P 500 | 0.28 | 0.17 |
| Max drawdown (3Y) | -23.8% | -61.4% |
| Market cap | $14.5B | $354.6B |
| P/E (trailing) | 8.0 | 25.8 |
| Dividend yield | 2.11% | 2.23% |
| Sector / category | Financials | Health Care |
Year-by-year returns
| Year | EG | UNH |
|---|---|---|
| 2022 | +23.7% | +6.9% |
| 2023 | +8.7% | +0.8% |
| 2024 | +4.6% | -2.4% |
| 2025 | -5.3% | -33.1% |
| 2026 | +12.7% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EG and UNH good diversifiers for each other?
Reasonably. At 0.27, EG and UNH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EG and UNH?
The EG/UNH correlation stands at 0.27 on a 3-year window (1 year: 0.34, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is UNH a good diversifier for EG?
Reasonably. At 0.27, EG and UNH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 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/eg-vs-unh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eg-vs-unh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EG correlations · UNH correlations
