STE vs UHS: Correlation
Measured on weekly returns over the past three years, Steris (STE) and Universal Health Services (UHS) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STE and UHS?
Across a 3-year window, the weekly returns of STE and UHS correlate at 0.36, moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 250.4 %².
Within STE's tracked universe of 33 assets, UHS comes in at #18 by 3-year correlation. Twelve-month performance is nearly a tie, at -5.7% for STE and -5.0% for UHS. On a rolling one-year basis the correlation drifted between 0.19 and 0.59, a moderate band.
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.
STE vs UHS: side by side
| STE (Steris) | UHS (Universal Health Services) | |
|---|---|---|
| 1-year return | -5.7% | -5.0% |
| 5-year return | +13.6% | +13.5% |
| Volatility (ann.) | 22.3% | 31.1% |
| Beta vs S&P 500 | 0.43 | 0.60 |
| Max drawdown (3Y) | -25.4% | -42.0% |
| Market cap | $22.7B | $10.2B |
| P/E (trailing) | 28.5 | 7.3 |
| Dividend yield | 1.06% | 0.45% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | STE | UHS |
|---|---|---|
| 2022 | -23.4% | +9.4% |
| 2023 | +20.2% | +8.8% |
| 2024 | -5.6% | +18.2% |
| 2025 | +24.3% | +22.0% |
| 2026 | -7.6% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STE and UHS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between STE and UHS?
The STE/UHS correlation stands at 0.36 on a 3-year window (1 year: 0.28, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is UHS a good diversifier for STE?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/ste-vs-uhs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ste-vs-uhs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: STE correlations · UHS correlations
