TLS vs UNH: Correlation
Telos Corporation (TLS) and UnitedHealth Group (UNH) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TLS and UNH?
Across a 3-year window, the weekly returns of TLS and UNH correlate at 0.27, weak. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.27). Stretching to 5 years gives 0.23, with an annualized covariance of 1204.9 %².
Among the 19 assets we track against TLS, UNH sits near the bottom by co-movement, at rank #16. Correlation aside, the last 12 months split them widely, with UNH ahead by 50.8 points (-17.3% versus +33.5%). Risk is not evenly split, since TLS carries 2.8 times the volatility of the other side.
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.
TLS vs UNH: side by side
| TLS (Telos Corporation) | UNH (UnitedHealth Group) | |
|---|---|---|
| 1-year return | -17.3% | +33.5% |
| 5-year return | -85.1% | +3.1% |
| Volatility (ann.) | 110.3% | 39.8% |
| Beta vs S&P 500 | 2.54 | 0.17 |
| Max drawdown (3Y) | -58.3% | -61.4% |
| Market cap | $0.4B | $354.6B |
| P/E (trailing) | – | 25.8 |
| Dividend yield | 0.00% | 2.23% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | TLS | UNH |
|---|---|---|
| 2022 | -67.0% | +6.9% |
| 2023 | -28.3% | +0.8% |
| 2024 | -6.3% | -2.4% |
| 2025 | +49.1% | -33.1% |
| 2026 | -5.5% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TLS and UNH good diversifiers for each other?
Reasonably. At 0.27, TLS and UNH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TLS and UNH?
The TLS/UNH correlation stands at 0.27 on a 3-year window (1 year: 0.15, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is UNH a good diversifier for TLS?
Reasonably. At 0.27, TLS and UNH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
A reading of 0.27 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/tls-vs-unh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tls-vs-unh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TLS correlations · UNH correlations
