iShares U.S. Healthcare Providers ETF (IHF) — Stock Correlations & Overview
Over the past year, IHF has moved most closely with UNH, UNHG, XHS. Explore the stocks most correlated and inversely correlated with IHF below, along with its price, financials, and company profile.
Stocks correlated with IHF
Correlation of daily returns. Higher positive values move with IHF; negative values move opposite it. Informational only, not investment advice.
Most correlated with IHF
| Symbol | Company | Correlation |
|---|---|---|
| UNH | UNITEDHEALTH GROUP INCORPORATED (Delaware)HOSPITAL & MEDICAL SERVICE PLANS | 0.86 |
| UNHG | Leverage Shares 2X Long UNH Daily ETF | 0.85 |
| XHS | State Street SPDR S&P Health Care Services ETF | 0.80 |
| ELV | Elevance Health, Inc.HOSPITAL & MEDICAL SERVICE PLANS | 0.76 |
| CVS | CVS HEALTH CORPORATIONRETAIL-DRUG STORES AND PROPRIETARY STORES | 0.73 |
Frequently asked questions about IHF correlations
- Which stocks are most correlated with IHF?
- Based on one year of daily returns, the stocks most correlated with iShares U.S. Healthcare Providers ETF (IHF) are UNH (0.86), UNHG (0.85) and XHS (0.80). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with IHF?
- Over the past year, the stocks most inversely correlated with iShares U.S. Healthcare Providers ETF (IHF) are RXD (-0.48), DXD (-0.41) and DOG (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these IHF correlations calculated?
- We compute the correlation of daily returns between IHF and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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