HPE vs MOH: Correlation
How closely do Hewlett Packard Enterprise (HPE) and Molina Healthcare Inc (MOH) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HPE and MOH?
Over the past 3 years, HPE and MOH moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -396.8 %².
Within HPE's tracked universe of 28 assets, MOH comes in at #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HPE ahead by 131.6 points (+144.4% versus +12.8%).
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.
HPE vs MOH: side by side
| HPE (Hewlett Packard Enterprise) | MOH (Molina Healthcare Inc) | |
|---|---|---|
| 1-year return | +144.4% | +12.8% |
| 5-year return | +309.3% | -25.1% |
| Volatility (ann.) | 43.8% | 44.8% |
| Beta vs S&P 500 | 1.47 | -0.03 |
| Max drawdown (3Y) | -48.4% | -70.8% |
| Market cap | $72.0B | $10.4B |
| P/E (trailing) | 51.3 | 1242.2 |
| Dividend yield | 0.99% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | HPE | MOH |
|---|---|---|
| 2022 | +4.5% | +3.8% |
| 2023 | +9.7% | +9.4% |
| 2024 | +29.1% | -19.4% |
| 2025 | +15.5% | -40.4% |
| 2026 | +128.6% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HPE and MOH good diversifiers for each other?
Yes. With a correlation of -0.20, HPE and MOH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HPE and MOH?
As of 2026-08-27, the correlation of weekly returns between HPE and MOH is -0.20 over 3 years, -0.14 over 1 year and -0.15 over 5 years.
Is MOH a good diversifier for HPE?
Yes. With a correlation of -0.20, HPE and MOH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/hpe-vs-moh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hpe-vs-moh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HPE correlations · MOH correlations
