EHC vs ENSG: Correlation
How closely do Encompass Health Corporation (EHC) and The Ensign Group, Inc. (ENSG) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHC and ENSG?
On 3 years of weekly data the EHC/ENSG correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 252.9 %².
Within EHC's tracked universe of 15 assets, ENSG comes in at #8 by 3-year correlation. Neither side won the trailing year by much: -2.6% against +0.9%.
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.
EHC vs ENSG: side by side
| EHC (Encompass Health Corporation) | ENSG (The Ensign Group, Inc.) | |
|---|---|---|
| 1-year return | -2.6% | +0.9% |
| 5-year return | +101.2% | +115.6% |
| Volatility (ann.) | 24.5% | 23.8% |
| Beta vs S&P 500 | 0.61 | 0.22 |
| Max drawdown (3Y) | -26.1% | -31.8% |
| Market cap | $11.8B | $10.1B |
| P/E (trailing) | 20.2 | 28.4 |
| Dividend yield | 0.63% | 0.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHC | ENSG |
|---|---|---|
| 2022 | +17.0% | +13.0% |
| 2023 | +12.6% | +18.9% |
| 2024 | +39.2% | +18.6% |
| 2025 | +15.7% | +31.3% |
| 2026 | +13.3% | -0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHC and ENSG good diversifiers for each other?
Reasonably. At 0.43, EHC and ENSG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EHC and ENSG?
As of 2026-08-27, the correlation of weekly returns between EHC and ENSG is 0.43 over 3 years, 0.52 over 1 year and 0.47 over 5 years.
Is ENSG a good diversifier for EHC?
Reasonably. At 0.43, EHC and ENSG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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
$ curl https://www.pairbook.io/api/v1/pairs/ehc-vs-ensg.json
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Related comparisons
Hubs: EHC correlations · ENSG correlations
