ELV correlations (Elevance Health)
Every correlation that matters for ELV: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.
Data as of 2026-08-27 · refreshed every trading day · Health Care · Managed Health Care
Volatility (ann.)
28.0%
3y weekly
Beta vs S&P 500
0.37
3y weekly
1-year return
+31.5%
price, adjusted
5-year return
+15.7%
price, adjusted
Market cap
$86.6B
latest
P/E ratio
17.8
trailing
Dividend yield
1.70%
trailing
Max drawdown
-50.4%
3y, daily closes
ELV over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with ELV
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| CNC | Centene Corporation | 0.58 | |
| MOH | Molina Healthcare Inc | 0.53 | |
| UNH | UnitedHealth Group | 0.46 | |
| CI | Cigna | 0.44 | |
| XLV | Health Care Select Sector SPDR Fund | 0.43 | |
| HUM | Humana | 0.43 | |
| SVCO | Silvaco Group, Inc. | 0.37 | |
| PGR | Progressive Corporation | 0.36 | |
| NVO | Novo Nordisk A/S | 0.36 | |
| OGN | Organon & Co. | 0.36 | |
| CVS | CVS Health | 0.34 | |
| MRAM | Everspin Technologies, Inc. | 0.34 | |
| DHR | Danaher Corporation | 0.34 | |
| EG | Everest Group | 0.32 | |
| NVS | Novartis AG | 0.32 |
Best diversifiers for ELV
If the goal is offsetting ELV, these tracked assets have historically moved the most on their own terms.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| BATL | Battalion Oil Corporation | -0.26 | |
| SOC | Sable Offshore Corp. | -0.25 | |
| PBAM | Private Bancorp of America, Inc. | -0.24 | |
| GYRO | Gyrodyne , LLC | -0.24 | |
| FRMM | Forum Markets, Incorporated | -0.24 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.23 | |
| NUWE | Nuwellis, Inc. | -0.22 | |
| TVGN | Tevogen Inc. | -0.22 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.22 | |
| LEU | Centrus Energy Corp. | -0.22 |
ELV vs benchmarks
ELV vs its peers
Get ELV data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/elv.jsonCorrelations, diversifiers, beta and volatility for ELV, plus one endpoint per pair. API documentation.
ELV inside major ETFs
| ETF | ELV weight | |
|---|---|---|
| XLV | Health Care Select Sector SPDR Fund | 1.4% |
| VIG | Vanguard Dividend Appreciation ETF | 0.35% |
| VYM | Vanguard High Dividend Yield ETF | 0.32% |
| USMV | iShares MSCI USA Min Vol Factor ETF | 0.3% |
| VTV | Vanguard Value ETF | 0.3% |
| DGRO | iShares Core Dividend Growth ETF | 0.29% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 0.29% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.19% |
| IVV | iShares Core S&P 500 ETF | 0.13% |
| SPY | SPDR S&P 500 ETF Trust | 0.13% |
