EQH vs VOYA: Correlation
Equitable Holdings, Inc. (EQH) and Voya Financial, Inc. (VOYA) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQH and VOYA?
Across a 3-year window, the weekly returns of EQH and VOYA correlate at 0.64, strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.64 over 3. Stretching to 5 years gives 0.72, with an annualized covariance of 438.7 %².
Within EQH's tracked universe of 20 assets, VOYA comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VOYA ahead by 40.9 points (-4.2% versus +36.7%).
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.
EQH vs VOYA: side by side
| EQH (Equitable Holdings, Inc.) | VOYA (Voya Financial, Inc.) | |
|---|---|---|
| 1-year return | -4.2% | +36.7% |
| 5-year return | +83.5% | +72.0% |
| Volatility (ann.) | 27.3% | 25.1% |
| Beta vs S&P 500 | 1.19 | 0.90 |
| Max drawdown (3Y) | -35.8% | -34.6% |
| Market cap | $13.7B | $9.2B |
| P/E (trailing) | – | 17.1 |
| Dividend yield | 2.29% | 1.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQH | VOYA |
|---|---|---|
| 2022 | -10.2% | -6.1% |
| 2023 | +19.6% | +20.7% |
| 2024 | +45.0% | -3.4% |
| 2025 | +3.2% | +11.1% |
| 2026 | +7.4% | +38.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQH and VOYA good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EQH and VOYA?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.65 over the last year and 0.72 over 5 years.
Is VOYA a good diversifier for EQH?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
A reading of 0.64 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/eqh-vs-voya.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eqh-vs-voya/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EQH correlations · VOYA correlations
