OPCH vs SWZ: Correlation
How closely do Option Care Health, Inc. (OPCH) and Total Return Securities Fund (SWZ) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPCH and SWZ?
Over the past 3 years, OPCH and SWZ moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 250.6 %².
In OPCH's tracked universe of 15 assets, SWZ sits right near the top at #3. On 12-month performance SWZ holds a 14.9-point edge, -16.1% against -1.2%. One caveat on sizing: OPCH is 2.7 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.
OPCH vs SWZ: side by side
| OPCH (Option Care Health, Inc.) | SWZ (Total Return Securities Fund) | |
|---|---|---|
| 1-year return | -16.1% | -1.2% |
| 5-year return | -8.7% | +13.9% |
| Volatility (ann.) | 37.1% | 13.7% |
| Beta vs S&P 500 | 0.56 | 0.41 |
| Max drawdown (3Y) | -46.7% | -15.5% |
| Market cap | $3.6B | – |
| P/E (trailing) | 18.2 | 4.3 |
| Dividend yield | 0.00% | 2.45% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPCH | SWZ |
|---|---|---|
| 2022 | +5.8% | -17.7% |
| 2023 | +12.0% | +15.5% |
| 2024 | -31.1% | -2.5% |
| 2025 | +37.3% | +24.1% |
| 2026 | -24.7% | -3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPCH and SWZ good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OPCH and SWZ?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.39 over the last year and 0.38 over 5 years.
Is SWZ a good diversifier for OPCH?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 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
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[](https://www.pairbook.io/pair/opch-vs-swz/)
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Related comparisons
Hubs: OPCH correlations · SWZ correlations
