EVH vs SAFT: Correlation
Evolent Health, Inc (EVH) and Safety Insurance Group, Inc. (SAFT) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVH and SAFT?
On 3 years of weekly data the EVH/SAFT correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. The 5-year figure is -0.12, and annualized covariance runs at -501.5 %².
SAFT is close to the least connected end of EVH's tracked universe, ranking #12 of 13. The last year tells two different stories: SAFT led by 101.1 percentage points, -52.3% for EVH against +48.8% for SAFT. Risk is not evenly split, since EVH carries 2.4 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.
EVH vs SAFT: side by side
| EVH (Evolent Health, Inc) | SAFT (Safety Insurance Group, Inc.) | |
|---|---|---|
| 1-year return | -52.3% | +48.8% |
| 5-year return | -81.3% | +58.1% |
| Volatility (ann.) | 72.4% | 30.8% |
| Beta vs S&P 500 | 0.65 | 0.17 |
| Max drawdown (3Y) | -93.8% | -20.1% |
| Market cap | $0.5B | $1.5B |
| P/E (trailing) | – | 22.3 |
| Dividend yield | 0.00% | 3.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVH | SAFT |
|---|---|---|
| 2022 | +1.5% | +3.1% |
| 2023 | +17.6% | -5.4% |
| 2024 | -65.9% | +13.3% |
| 2025 | -64.4% | -0.8% |
| 2026 | +14.8% | +36.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVH and SAFT good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between EVH and SAFT?
The EVH/SAFT correlation stands at -0.23 on a 3-year window (1 year: -0.31, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is SAFT a good diversifier for EVH?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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/evh-vs-saft.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/evh-vs-saft/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVH correlations · SAFT correlations
