HUM vs PBR: Correlation
Humana (HUM) and Petroleo Brasileiro S.A. Petrobras (PBR) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUM and PBR?
Over the past 3 years, HUM and PBR moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.20 over 3 years. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -283.4 %².
By 3-year correlation, PBR places #25 of the 30 assets tracked against HUM. The last year tells two different stories: PBR led by 22.1 percentage points, +34.0% for HUM against +56.1% for PBR.
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.
HUM vs PBR: side by side
| HUM (Humana) | PBR (Petroleo Brasileiro S.A. Petrobras) | |
|---|---|---|
| 1-year return | +34.0% | +56.1% |
| 5-year return | +1.8% | +417.1% |
| Volatility (ann.) | 43.3% | 32.9% |
| Beta vs S&P 500 | 0.52 | -0.08 |
| Max drawdown (3Y) | -67.9% | -26.9% |
| Market cap | $47.1B | $117.6B |
| P/E (trailing) | 36.9 | 4.5 |
| Dividend yield | 0.91% | 20.65% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | HUM | PBR |
|---|---|---|
| 2022 | +11.2% | +57.2% |
| 2023 | -9.9% | +89.2% |
| 2024 | -44.0% | -2.3% |
| 2025 | +2.4% | -1.1% |
| 2026 | +54.4% | +60.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUM and PBR good diversifiers for each other?
Yes. With a correlation of -0.20, HUM and PBR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HUM and PBR?
The HUM/PBR correlation stands at -0.20 on a 3-year window (1 year: -0.42, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is PBR a good diversifier for HUM?
Yes. With a correlation of -0.20, HUM and PBR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/hum-vs-pbr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hum-vs-pbr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HUM correlations · PBR correlations
