HUM vs UNH: Correlation
Humana (HUM) and UnitedHealth Group (UNH) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUM and UNH?
Across a 3-year window, the weekly returns of HUM and UNH correlate at 0.49, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.60 versus 0.49 over 3 years. Stretching to 5 years gives 0.55, with an annualized covariance of 848.5 %².
Few assets follow HUM as closely as UNH, which ranks #1 of 30 tracked partners. Their 12-month results are close: +34.0% for HUM against +33.5% for UNH. On a rolling one-year basis the correlation drifted between 0.34 and 0.79, a moderate band.
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 UNH: side by side
| HUM (Humana) | UNH (UnitedHealth Group) | |
|---|---|---|
| 1-year return | +34.0% | +33.5% |
| 5-year return | +1.8% | +3.1% |
| Volatility (ann.) | 43.3% | 39.8% |
| Beta vs S&P 500 | 0.52 | 0.17 |
| Max drawdown (3Y) | -67.9% | -61.4% |
| Market cap | $47.1B | $354.6B |
| P/E (trailing) | 36.9 | 25.8 |
| Dividend yield | 0.91% | 2.23% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | HUM | UNH |
|---|---|---|
| 2022 | +11.2% | +6.9% |
| 2023 | -9.9% | +0.8% |
| 2024 | -44.0% | -2.4% |
| 2025 | +2.4% | -33.1% |
| 2026 | +54.4% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUM and UNH good diversifiers for each other?
Reasonably. At 0.49, HUM and UNH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HUM and UNH?
The HUM/UNH correlation stands at 0.49 on a 3-year window (1 year: 0.60, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is UNH a good diversifier for HUM?
Reasonably. At 0.49, HUM and UNH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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
$ curl https://www.pairbook.io/api/v1/pairs/hum-vs-unh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hum-vs-unh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HUM correlations · UNH correlations
