LVS vs MOH: Correlation
Measured on weekly returns over the past three years, Las Vegas Sands (LVS) and Molina Healthcare Inc (MOH) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVS and MOH?
Over the past 3 years, LVS and MOH moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.28) runs below the 3-year figure (-0.16). Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -249.9 %².
Among the 29 assets we track against LVS, MOH ranks #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MOH outperformed by 33.1 percentage points (-20.3% for LVS against +12.8% for MOH).
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.
LVS vs MOH: side by side
| LVS (Las Vegas Sands) | MOH (Molina Healthcare Inc) | |
|---|---|---|
| 1-year return | -20.3% | +12.8% |
| 5-year return | +8.5% | -25.1% |
| Volatility (ann.) | 34.8% | 44.8% |
| Beta vs S&P 500 | 0.75 | -0.03 |
| Max drawdown (3Y) | -44.0% | -70.8% |
| Market cap | $28.7B | $10.4B |
| P/E (trailing) | 17.1 | 1242.2 |
| Dividend yield | 2.49% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | LVS | MOH |
|---|---|---|
| 2022 | +27.7% | +3.8% |
| 2023 | +3.1% | +9.4% |
| 2024 | +6.2% | -19.4% |
| 2025 | +29.5% | -40.4% |
| 2026 | -30.8% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVS and MOH good diversifiers for each other?
Yes. With a correlation of -0.16, LVS and MOH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LVS and MOH?
As of 2026-08-27, the correlation of weekly returns between LVS and MOH is -0.16 over 3 years, -0.28 over 1 year and -0.08 over 5 years.
Is MOH a good diversifier for LVS?
Yes. With a correlation of -0.16, LVS and MOH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 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/lvs-vs-moh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lvs-vs-moh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LVS correlations · MOH correlations
