NFLX vs UNH: Correlation
How closely do Netflix (NFLX) and UnitedHealth Group (UNH) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NFLX and UNH?
On 3 years of weekly data the NFLX/UNH correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.14 over 1 year against -0.17 over 3. The 5-year figure is -0.03, and annualized covariance runs at -231.7 %².
By 3-year correlation, UNH places #28 of the 33 assets tracked against NFLX. Correlation aside, the last 12 months split them widely, with UNH ahead by 68.2 points (-34.7% versus +33.5%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.45 to 0.08.
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.
NFLX vs UNH: side by side
| NFLX (Netflix) | UNH (UnitedHealth Group) | |
|---|---|---|
| 1-year return | -34.7% | +33.5% |
| 5-year return | +41.0% | +3.1% |
| Volatility (ann.) | 35.2% | 39.8% |
| Beta vs S&P 500 | 0.99 | 0.17 |
| Max drawdown (3Y) | -49.5% | -61.4% |
| Market cap | $332.4B | $354.6B |
| P/E (trailing) | 25.7 | 25.8 |
| Dividend yield | 0.00% | 2.23% |
| Sector / category | Communication Services | Health Care |
Year-by-year returns
| Year | NFLX | UNH |
|---|---|---|
| 2022 | -51.1% | +6.9% |
| 2023 | +65.1% | +0.8% |
| 2024 | +83.1% | -2.4% |
| 2025 | +5.2% | -33.1% |
| 2026 | -14.8% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NFLX and UNH good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NFLX and UNH?
As of 2026-08-27, the correlation of weekly returns between NFLX and UNH is -0.17 over 3 years, -0.14 over 1 year and -0.03 over 5 years.
Is UNH a good diversifier for NFLX?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/nflx-vs-unh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nflx-vs-unh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NFLX correlations · UNH correlations
