MSGM vs UNH: Correlation
How closely do Motorsport Games Inc. (MSGM) and UnitedHealth Group (UNH) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSGM and UNH?
Over the past 3 years, MSGM and UNH moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.06 versus -0.31 over 3 years. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -1997.4 %².
Out of 17 assets tracked against MSGM, UNH lands near the bottom at #17. Twelve-month performance is nearly a tie, at +34.0% for MSGM and +33.5% for UNH. One caveat on sizing: MSGM is 4.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MSGM vs UNH: side by side
| MSGM (Motorsport Games Inc.) | UNH (UnitedHealth Group) | |
|---|---|---|
| 1-year return | +34.0% | +33.5% |
| 5-year return | -96.2% | +3.1% |
| Volatility (ann.) | 159.9% | 39.8% |
| Beta vs S&P 500 | -0.11 | 0.17 |
| Max drawdown (3Y) | -81.5% | -61.4% |
| Market cap | – | $354.6B |
| P/E (trailing) | 13.4 | 25.8 |
| Dividend yield | 0.00% | 2.23% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | MSGM | UNH |
|---|---|---|
| 2022 | -87.8% | +6.9% |
| 2023 | -25.5% | +0.8% |
| 2024 | -56.6% | -2.4% |
| 2025 | +136.6% | -33.1% |
| 2026 | +23.0% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSGM and UNH good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between MSGM and UNH?
As of 2026-08-27, the correlation of weekly returns between MSGM and UNH is -0.31 over 3 years, -0.06 over 1 year and -0.16 over 5 years.
Is UNH a good diversifier for MSGM?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 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/msgm-vs-unh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/msgm-vs-unh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MSGM correlations · UNH correlations
