MOH vs UNH: Correlation
Measured on weekly returns over the past three years, Molina Healthcare Inc (MOH) and UnitedHealth Group (UNH) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOH and UNH?
Over the past 3 years, MOH and UNH moved with a correlation of 0.38, which is moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.38). Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 686.5 %².
Few assets follow MOH as closely as UNH, which ranks #3 of 21 tracked partners. Correlation aside, the last 12 months split them widely, with UNH ahead by 20.7 points (+12.8% versus +33.5%).
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.
MOH vs UNH: side by side
| MOH (Molina Healthcare Inc) | UNH (UnitedHealth Group) | |
|---|---|---|
| 1-year return | +12.8% | +33.5% |
| 5-year return | -25.1% | +3.1% |
| Volatility (ann.) | 44.8% | 39.8% |
| Beta vs S&P 500 | -0.03 | 0.17 |
| Max drawdown (3Y) | -70.8% | -61.4% |
| Market cap | $10.4B | $354.6B |
| P/E (trailing) | 1242.2 | 25.8 |
| Dividend yield | 0.00% | 2.23% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | MOH | UNH |
|---|---|---|
| 2022 | +3.8% | +6.9% |
| 2023 | +9.4% | +0.8% |
| 2024 | -19.4% | -2.4% |
| 2025 | -40.4% | -33.1% |
| 2026 | +14.5% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOH and UNH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MOH and UNH?
The MOH/UNH correlation stands at 0.38 on a 3-year window (1 year: 0.55, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is UNH a good diversifier for MOH?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/moh-vs-unh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/moh-vs-unh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MOH correlations · UNH correlations
