FIVE vs UNH: Correlation
Measured on weekly returns over the past three years, Five Below, Inc. (FIVE) and UnitedHealth Group (UNH) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIVE and UNH?
On 3 years of weekly data the FIVE/UNH correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. The 5-year figure is -0.12, and annualized covariance runs at -518.5 %².
Out of 13 assets tracked against FIVE, UNH lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months FIVE outperformed by 37.5 percentage points (+71.0% for FIVE against +33.5% for UNH).
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.
FIVE vs UNH: side by side
| FIVE (Five Below, Inc.) | UNH (UnitedHealth Group) | |
|---|---|---|
| 1-year return | +71.0% | +33.5% |
| 5-year return | +15.1% | +3.1% |
| Volatility (ann.) | 50.8% | 39.8% |
| Beta vs S&P 500 | 1.42 | 0.17 |
| Max drawdown (3Y) | -74.1% | -61.4% |
| Market cap | $13.7B | $354.6B |
| P/E (trailing) | 31.2 | 25.8 |
| Dividend yield | 0.00% | 2.23% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | FIVE | UNH |
|---|---|---|
| 2022 | -14.5% | +6.9% |
| 2023 | +20.5% | +0.8% |
| 2024 | -50.8% | -2.4% |
| 2025 | +79.5% | -33.1% |
| 2026 | +31.1% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIVE and UNH good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FIVE and UNH?
The FIVE/UNH correlation stands at -0.26 on a 3-year window (1 year: -0.19, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is UNH a good diversifier for FIVE?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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
$ curl https://www.pairbook.io/api/v1/pairs/five-vs-unh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/five-vs-unh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FIVE correlations · UNH correlations
