HAYW vs UHS: Correlation
Measured on weekly returns over the past three years, Hayward Holdings, Inc. (HAYW) and Universal Health Services (UHS) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAYW and UHS?
Over the past 3 years, HAYW and UHS moved with a correlation of 0.44, which is moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.44 over 3. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 430.6 %².
By 3-year correlation, UHS places #8 of the 14 assets tracked against HAYW. The trailing year gives UHS the advantage: -12.4% versus -5.0%, a 7.4-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.
HAYW vs UHS: side by side
| HAYW (Hayward Holdings, Inc.) | UHS (Universal Health Services) | |
|---|---|---|
| 1-year return | -12.4% | -5.0% |
| 5-year return | -33.8% | +13.5% |
| Volatility (ann.) | 31.5% | 31.1% |
| Beta vs S&P 500 | 0.91 | 0.60 |
| Max drawdown (3Y) | -31.8% | -42.0% |
| Market cap | $3.0B | $10.2B |
| P/E (trailing) | 20.1 | 7.3 |
| Dividend yield | 0.00% | 0.45% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | HAYW | UHS |
|---|---|---|
| 2022 | -64.2% | +9.4% |
| 2023 | +44.7% | +8.8% |
| 2024 | +12.4% | +18.2% |
| 2025 | +1.0% | +22.0% |
| 2026 | -7.8% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAYW and UHS good diversifiers for each other?
Reasonably. At 0.44, HAYW and UHS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HAYW and UHS?
The HAYW/UHS correlation stands at 0.44 on a 3-year window (1 year: 0.34, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is UHS a good diversifier for HAYW?
Reasonably. At 0.44, HAYW and UHS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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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Related comparisons
Hubs: HAYW correlations · UHS correlations
