ICUI vs SWIM: Correlation
ICU Medical, Inc. (ICUI) and Latham Group, Inc. (SWIM) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICUI and SWIM?
Over the past 3 years, ICUI and SWIM moved with a correlation of 0.50, which is moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.50 over 3. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 1418.9 %².
Among the 16 assets we track against ICUI, SWIM ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ICUI outperformed by 53.4 percentage points (+38.3% for ICUI against -15.1% for SWIM). Risk is not evenly split, since SWIM carries 1.8 times the volatility of the other side.
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.
ICUI vs SWIM: side by side
| ICUI (ICU Medical, Inc.) | SWIM (Latham Group, Inc.) | |
|---|---|---|
| 1-year return | +38.3% | -15.1% |
| 5-year return | -12.5% | -68.5% |
| Volatility (ann.) | 39.5% | 72.5% |
| Beta vs S&P 500 | 0.84 | 1.70 |
| Max drawdown (3Y) | -45.1% | -44.5% |
| Market cap | $4.4B | $0.8B |
| P/E (trailing) | 150.9 | 139.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ICUI | SWIM |
|---|---|---|
| 2022 | -33.6% | -87.1% |
| 2023 | -36.7% | -18.3% |
| 2024 | +55.6% | +164.6% |
| 2025 | -8.1% | -8.8% |
| 2026 | +22.7% | +9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICUI and SWIM good diversifiers for each other?
Only partially. A correlation of 0.50 means ICUI and SWIM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ICUI and SWIM?
As of 2026-08-27, the correlation of weekly returns between ICUI and SWIM is 0.50 over 3 years, 0.44 over 1 year and 0.35 over 5 years.
Is SWIM a good diversifier for ICUI?
Only partially. A correlation of 0.50 means ICUI and SWIM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 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/icui-vs-swim.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/icui-vs-swim/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ICUI correlations · SWIM correlations
