INFU vs USPH: Correlation
InfuSystems Holdings, Inc. (INFU) and U.S. Physical Therapy, Inc. (USPH) 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 INFU and USPH?
Over the past 3 years, INFU and USPH moved with a correlation of 0.50, which is moderate. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.50). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 979.3 %².
Few assets follow INFU as closely as USPH, which ranks #2 of 15 tracked partners. Their recent paths diverged sharply: over the last 12 months INFU outperformed by 20.7 percentage points (+16.6% for INFU against -4.1% for USPH). Note the risk asymmetry: INFU runs 1.7 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.
INFU vs USPH: side by side
| INFU (InfuSystems Holdings, Inc.) | USPH (U.S. Physical Therapy, Inc.) | |
|---|---|---|
| 1-year return | +16.6% | -4.1% |
| 5-year return | -14.6% | -25.3% |
| Volatility (ann.) | 58.6% | 33.7% |
| Beta vs S&P 500 | 1.46 | 0.84 |
| Max drawdown (3Y) | -56.8% | -45.4% |
| Market cap | $0.2B | $1.2B |
| P/E (trailing) | 30.2 | 465.3 |
| Dividend yield | 0.00% | 2.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INFU | USPH |
|---|---|---|
| 2022 | -49.0% | -13.7% |
| 2023 | +21.4% | +17.0% |
| 2024 | -19.8% | -3.0% |
| 2025 | +6.2% | -9.9% |
| 2026 | +34.4% | +3.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INFU and USPH good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between INFU and USPH?
The INFU/USPH correlation stands at 0.50 on a 3-year window (1 year: 0.30, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is USPH a good diversifier for INFU?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 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/infu-vs-usph.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/infu-vs-usph/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INFU correlations · USPH correlations
