HIG vs UHS: Correlation
How closely do Hartford (The) (HIG) and Universal Health Services (UHS) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIG and UHS?
Across a 3-year window, the weekly returns of HIG and UHS correlate at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.33 versus 0.48 over 3 years. Stretching to 5 years gives 0.47, with an annualized covariance of 291.9 %².
By 3-year correlation, UHS places #27 of the 49 assets tracked against HIG. Over the last 12 months HIG came out ahead by 10.4 percentage points (+5.4% against -5.0%). The rolling one-year correlation moved between 0.26 and 0.69 over the past three years, a moderate range. Note the risk asymmetry: UHS runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HIG vs UHS: side by side
| HIG (Hartford (The)) | UHS (Universal Health Services) | |
|---|---|---|
| 1-year return | +5.4% | -5.0% |
| 5-year return | +127.4% | +13.5% |
| Volatility (ann.) | 19.5% | 31.1% |
| Beta vs S&P 500 | 0.39 | 0.60 |
| Max drawdown (3Y) | -13.7% | -42.0% |
| Market cap | $37.3B | $10.2B |
| P/E (trailing) | 9.7 | 7.3 |
| Dividend yield | 1.66% | 0.45% |
| Sector / category | Financials | Health Care |
Year-by-year returns
| Year | HIG | UHS |
|---|---|---|
| 2022 | +12.3% | +9.4% |
| 2023 | +8.5% | +8.8% |
| 2024 | +38.5% | +18.2% |
| 2025 | +28.1% | +22.0% |
| 2026 | +0.9% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIG and UHS good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HIG and UHS?
The HIG/UHS correlation stands at 0.48 on a 3-year window (1 year: 0.33, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is UHS a good diversifier for HIG?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/hig-vs-uhs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hig-vs-uhs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HIG correlations · UHS correlations
