EHC vs SLGN: Correlation
How closely do Encompass Health Corporation (EHC) and Silgan Holdings Inc. (SLGN) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHC and SLGN?
Over the past 3 years, EHC and SLGN moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 352.0 %².
SLGN is one of the assets that tracks EHC most closely: it ranks #3 out of the 15 assets we track against EHC. The trailing year gives EHC the advantage: -2.6% versus -7.9%, a 5.3-point spread.
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 SLGN: side by side
| EHC (Encompass Health Corporation) | SLGN (Silgan Holdings Inc.) | |
|---|---|---|
| 1-year return | -2.6% | -7.9% |
| 5-year return | +101.2% | +5.9% |
| Volatility (ann.) | 24.5% | 29.4% |
| Beta vs S&P 500 | 0.61 | 0.58 |
| Max drawdown (3Y) | -26.1% | -35.0% |
| Market cap | $11.8B | $4.4B |
| P/E (trailing) | 20.2 | 16.9 |
| Dividend yield | 0.63% | 1.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHC | SLGN |
|---|---|---|
| 2022 | +17.0% | +22.7% |
| 2023 | +12.6% | -11.3% |
| 2024 | +39.2% | +16.8% |
| 2025 | +15.7% | -21.1% |
| 2026 | +13.3% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHC and SLGN good diversifiers for each other?
Reasonably. At 0.49, EHC and SLGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EHC and SLGN?
The EHC/SLGN correlation stands at 0.49 on a 3-year window (1 year: 0.47, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is SLGN a good diversifier for EHC?
Reasonably. At 0.49, EHC and SLGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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
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Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ehc-vs-slgn/)
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Related comparisons
Hubs: EHC correlations · SLGN correlations
