THO vs UHS: Correlation
Measured on weekly returns over the past three years, Thor Industries, Inc. (THO) and Universal Health Services (UHS) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are THO and UHS?
On 3 years of weekly data the THO/UHS correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.43 over 3. The 5-year figure is 0.39, and annualized covariance runs at 493.6 %².
Within THO's tracked universe of 22 assets, UHS comes in at #15 by 3-year correlation. The last year tells two different stories: UHS led by 24.2 percentage points, -29.2% for THO against -5.0% for UHS.
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.
THO vs UHS: side by side
| THO (Thor Industries, Inc.) | UHS (Universal Health Services) | |
|---|---|---|
| 1-year return | -29.2% | -5.0% |
| 5-year return | -26.9% | +13.5% |
| Volatility (ann.) | 37.1% | 31.1% |
| Beta vs S&P 500 | 1.19 | 0.60 |
| Max drawdown (3Y) | -48.4% | -42.0% |
| Market cap | $4.0B | $10.2B |
| P/E (trailing) | 15.4 | 7.3 |
| Dividend yield | 2.65% | 0.45% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | THO | UHS |
|---|---|---|
| 2022 | -25.6% | +9.4% |
| 2023 | +59.8% | +8.8% |
| 2024 | -17.9% | +18.2% |
| 2025 | +9.7% | +22.0% |
| 2026 | -24.3% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are THO and UHS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between THO and UHS?
As of 2026-08-27, the correlation of weekly returns between THO and UHS is 0.43 over 3 years, 0.41 over 1 year and 0.39 over 5 years.
Is UHS a good diversifier for THO?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/tho-vs-uhs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tho-vs-uhs/)
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Related comparisons
Hubs: THO correlations · UHS correlations
