LOBO vs UNH: Correlation
LOBO TECHNOLOGIES LTD. - Class A (LOBO) and UnitedHealth Group (UNH) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOBO and UNH?
Over the past 3 years, LOBO and UNH moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.34) runs above the 3-year figure (-0.28). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1372.8 %².
Out of 10 assets tracked against LOBO, UNH lands near the bottom at #9. The trailing year gives UNH the advantage: +27.7% versus +33.5%, a 5.8-point spread. Risk is not evenly split, since LOBO carries 2.8 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.
LOBO vs UNH: side by side
| LOBO (LOBO TECHNOLOGIES LTD. - Class A) | UNH (UnitedHealth Group) | |
|---|---|---|
| 1-year return | +27.7% | +33.5% |
| 5-year return | n/a | +3.1% |
| Volatility (ann.) | 111.5% | 39.8% |
| Beta vs S&P 500 | 0.55 | 0.17 |
| Max drawdown (3Y) | -92.0% | -61.4% |
| Market cap | – | $354.6B |
| P/E (trailing) | – | 25.8 |
| Dividend yield | 0.00% | 2.23% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | LOBO | UNH |
|---|---|---|
| 2022 | – | +6.9% |
| 2023 | – | +0.8% |
| 2024 | – | -2.4% |
| 2025 | -66.0% | -33.1% |
| 2026 | +5.2% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOBO and UNH good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LOBO and UNH?
As of 2026-08-27, the correlation of weekly returns between LOBO and UNH is -0.28 over 3 years, 0.34 over 1 year and n/a over 5 years.
Is UNH a good diversifier for LOBO?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 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/lobo-vs-unh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lobo-vs-unh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOBO correlations · UNH correlations
