MCK vs WHF: Correlation
Measured on weekly returns over the past three years, McKesson Corporation (MCK) and WhiteHorse Finance, Inc. - Closed End Fund (WHF) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCK and WHF?
Across a 3-year window, the weekly returns of MCK and WHF correlate at -0.25, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.41) runs below the 3-year figure (-0.25). Stretching to 5 years gives -0.05, with an annualized covariance of -142.2 %².
Among the 35 assets we track against MCK, WHF sits near the bottom by co-movement, at rank #32. Correlation aside, the last 12 months split them widely, with MCK ahead by 33.3 points (+30.8% versus -2.5%).
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.
MCK vs WHF: side by side
| MCK (McKesson Corporation) | WHF (WhiteHorse Finance, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | +30.8% | -2.5% |
| 5-year return | +354.8% | -11.5% |
| Volatility (ann.) | 25.1% | 22.6% |
| Beta vs S&P 500 | 0.16 | 0.25 |
| Max drawdown (3Y) | -27.2% | -37.9% |
| Market cap | $103.8B | $0.2B |
| P/E (trailing) | 24.0 | 9.1 |
| Dividend yield | 0.37% | 16.12% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | MCK | WHF |
|---|---|---|
| 2022 | +51.8% | -6.2% |
| 2023 | +24.1% | +6.3% |
| 2024 | +23.7% | -8.5% |
| 2025 | +44.5% | -15.4% |
| 2026 | +8.8% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCK and WHF good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between MCK and WHF?
As of 2026-08-27, the correlation of weekly returns between MCK and WHF is -0.25 over 3 years, -0.41 over 1 year and -0.05 over 5 years.
Is WHF a good diversifier for MCK?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MCK correlations · WHF correlations
