MMM vs UHS: Correlation
3M (MMM) and Universal Health Services (UHS) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MMM and UHS?
Across a 3-year window, the weekly returns of MMM and UHS correlate at 0.44, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.44 over 3. Stretching to 5 years gives 0.45, with an annualized covariance of 409.5 %².
By 3-year correlation, UHS places #22 of the 34 assets tracked against MMM. The last year tells two different stories: MMM led by 21.4 percentage points, +16.4% for MMM against -5.0% for UHS. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.11 to 0.65.
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.
MMM vs UHS: side by side
| MMM (3M) | UHS (Universal Health Services) | |
|---|---|---|
| 1-year return | +16.4% | -5.0% |
| 5-year return | +29.9% | +13.5% |
| Volatility (ann.) | 29.8% | 31.1% |
| Beta vs S&P 500 | 0.89 | 0.60 |
| Max drawdown (3Y) | -20.7% | -42.0% |
| Market cap | $92.2B | $10.2B |
| P/E (trailing) | 31.9 | 7.3 |
| Dividend yield | 1.68% | 0.45% |
| Sector / category | Industrials | Health Care |
Year-by-year returns
| Year | MMM | UHS |
|---|---|---|
| 2022 | -29.6% | +9.4% |
| 2023 | -3.3% | +8.8% |
| 2024 | +46.1% | +18.2% |
| 2025 | +26.4% | +22.0% |
| 2026 | +13.3% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MMM and UHS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MMM and UHS?
The MMM/UHS correlation stands at 0.44 on a 3-year window (1 year: 0.34, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is UHS a good diversifier for MMM?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mmm-vs-uhs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mmm-vs-uhs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MMM correlations · UHS correlations
