HTZ vs UNH: Correlation
Hertz Global Holdings, Inc (HTZ) and UnitedHealth Group (UNH) 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 HTZ and UNH?
Across a 3-year window, the weekly returns of HTZ and UNH correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.01) than the 3-year average (-0.23). Stretching to 5 years gives -0.16, with an annualized covariance of -933.7 %².
UNH is close to the least connected end of HTZ's tracked universe, ranking #13 of 14. Correlation aside, the last 12 months split them widely, with UNH ahead by 98.6 points (-65.1% versus +33.5%). Note the risk asymmetry: HTZ runs 2.6 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.
HTZ vs UNH: side by side
| HTZ (Hertz Global Holdings, Inc) | UNH (UnitedHealth Group) | |
|---|---|---|
| 1-year return | -65.1% | +33.5% |
| 5-year return | -87.9% | +3.1% |
| Volatility (ann.) | 102.2% | 39.8% |
| Beta vs S&P 500 | 1.27 | 0.17 |
| Max drawdown (3Y) | -91.2% | -61.4% |
| Market cap | $0.7B | $354.6B |
| P/E (trailing) | – | 25.8 |
| Dividend yield | 0.00% | 2.23% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | HTZ | UNH |
|---|---|---|
| 2022 | -38.4% | +6.9% |
| 2023 | -32.5% | +0.8% |
| 2024 | -64.8% | -2.4% |
| 2025 | +40.4% | -33.1% |
| 2026 | -60.3% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTZ and UNH 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 HTZ and UNH?
As of 2026-08-27, the correlation of weekly returns between HTZ and UNH is -0.23 over 3 years, -0.01 over 1 year and -0.16 over 5 years.
Is UNH a good diversifier for HTZ?
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?
On the −1 to +1 scale, -0.23 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/htz-vs-unh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/htz-vs-unh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HTZ correlations · UNH correlations
