Leverage Shares 2X Long UNH Daily ETF (UNHG) — Stock Correlations & Overview
Over the past year, UNHG has moved most closely with UNH, IHF, ELV. Explore the stocks most correlated and inversely correlated with UNHG below, along with its price, financials, and company profile.
Stocks correlated with UNHG
Correlation of daily returns. Higher positive values move with UNHG; negative values move opposite it. Informational only, not investment advice.
Most correlated with UNHG
| Symbol | Company | Correlation |
|---|---|---|
| UNH | UNITEDHEALTH GROUP INCORPORATED (Delaware)HOSPITAL & MEDICAL SERVICE PLANS | 0.99 |
| IHF | iShares U.S. Healthcare Providers ETF | 0.85 |
| ELV | Elevance Health, Inc.HOSPITAL & MEDICAL SERVICE PLANS | 0.67 |
| CVS | CVS HEALTH CORPORATIONRETAIL-DRUG STORES AND PROPRIETARY STORES | 0.65 |
| HUM | Humana Inc.HOSPITAL & MEDICAL SERVICE PLANS | 0.57 |
Most inversely correlated with UNHG
| Symbol | Company | Correlation |
|---|---|---|
| RXD | ProShares UltraShort Health Care | -0.34 |
| GITS | Global Interactive Technologies, Inc. Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | -0.31 |
| DXD | ProShares UltraShort Dow 30 | -0.30 |
| SDOW | ProShares UltraPro Short Dow 30 | -0.30 |
| DOG | ProShares Short Dow30 | -0.30 |
Frequently asked questions about UNHG correlations
- Which stocks are most correlated with UNHG?
- Based on one year of daily returns, the stocks most correlated with Leverage Shares 2X Long UNH Daily ETF (UNHG) are UNH (0.99), IHF (0.85) and ELV (0.67). 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 UNHG?
- Over the past year, the stocks most inversely correlated with Leverage Shares 2X Long UNH Daily ETF (UNHG) are RXD (-0.34), GITS (-0.31) and DXD (-0.30). 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 UNHG correlations calculated?
- We compute the correlation of daily returns between UNHG 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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