ELV vs LEU: Correlation
Elevance Health (ELV) and Centrus Energy Corp. (LEU) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELV and LEU?
Across a 3-year window, the weekly returns of ELV and LEU correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.10) runs above the 3-year figure (-0.22). Stretching to 5 years gives -0.05, with an annualized covariance of -520.6 %².
Among the 27 assets we track against ELV, LEU ranks #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ELV outperformed by 33.3 percentage points (+31.5% for ELV against -1.8% for LEU). Risk is not evenly split, since LEU carries 3.0 times the volatility of the other side.
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.
ELV vs LEU: side by side
| ELV (Elevance Health) | LEU (Centrus Energy Corp.) | |
|---|---|---|
| 1-year return | +31.5% | -1.8% |
| 5-year return | +15.7% | +636.7% |
| Volatility (ann.) | 28.0% | 84.8% |
| Beta vs S&P 500 | 0.37 | 1.67 |
| Max drawdown (3Y) | -50.4% | -66.4% |
| Market cap | $86.6B | $3.9B |
| P/E (trailing) | 17.8 | 98.9 |
| Dividend yield | 1.70% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ELV | LEU |
|---|---|---|
| 2022 | +11.8% | -34.9% |
| 2023 | -6.9% | +67.5% |
| 2024 | -20.7% | +22.4% |
| 2025 | -3.1% | +264.4% |
| 2026 | +15.0% | -19.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELV and LEU good diversifiers for each other?
Yes. With a correlation of -0.22, ELV and LEU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ELV and LEU?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with 0.10 over the last year and -0.05 over 5 years.
Is LEU a good diversifier for ELV?
Yes. With a correlation of -0.22, ELV and LEU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/elv-vs-leu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/elv-vs-leu/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ELV correlations · LEU correlations
