LOW vs UHS: Correlation
Lowe's (LOW) and Universal Health Services (UHS) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOW and UHS?
Over the past 3 years, LOW and UHS moved with a correlation of 0.45, which is moderate. The past 12 months show a weaker link (0.35) than the 3-year average (0.45). Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 344.6 %².
Within LOW's tracked universe of 46 assets, UHS comes in at #27 by 3-year correlation. The trailing year gives UHS the advantage: -18.4% versus -5.0%, a 13.4-point spread. Across three years, the rolling one-year figure varied moderately, from 0.31 to 0.59.
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.
LOW vs UHS: side by side
| LOW (Lowe's) | UHS (Universal Health Services) | |
|---|---|---|
| 1-year return | -18.4% | -5.0% |
| 5-year return | +11.1% | +13.5% |
| Volatility (ann.) | 24.8% | 31.1% |
| Beta vs S&P 500 | 0.83 | 0.60 |
| Max drawdown (3Y) | -29.0% | -42.0% |
| Market cap | – | $10.2B |
| P/E (trailing) | 17.8 | 7.3 |
| Dividend yield | 2.31% | 0.45% |
| Sector / category | Consumer Discretionary | Health Care |
Year-by-year returns
| Year | LOW | UHS |
|---|---|---|
| 2022 | -21.5% | +9.4% |
| 2023 | +14.0% | +8.8% |
| 2024 | +13.0% | +18.2% |
| 2025 | -0.3% | +22.0% |
| 2026 | -12.9% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOW and UHS good diversifiers for each other?
Reasonably. At 0.45, LOW and UHS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LOW and UHS?
As of 2026-08-27, the correlation of weekly returns between LOW and UHS is 0.45 over 3 years, 0.35 over 1 year and 0.45 over 5 years.
Is UHS a good diversifier for LOW?
Reasonably. At 0.45, LOW and UHS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/low-vs-uhs.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LOW correlations · UHS correlations
