Roundhill UNH WeeklyPay ETF (UNHW) — Stock Correlations & Overview
Over the past year, UNHW has moved most closely with UNH, UNHG, IHF. Explore the stocks most correlated and inversely correlated with UNHW below, along with its price, financials, and company profile.
Stocks correlated with UNHW
Correlation of daily returns. Higher positive values move with UNHW; negative values move opposite it. Informational only, not investment advice.
Most correlated with UNHW
| Symbol | Company | Correlation |
|---|---|---|
| UNH | UNITEDHEALTH GROUP INCORPORATED (Delaware)HOSPITAL & MEDICAL SERVICE PLANS | 0.99 |
| UNHG | Leverage Shares 2X Long UNH Daily ETF | 0.98 |
| IHF | iShares U.S. Healthcare Providers ETF | 0.87 |
| CVS | CVS HEALTH CORPORATIONRETAIL-DRUG STORES AND PROPRIETARY STORES | 0.70 |
| ELV | Elevance Health, Inc.HOSPITAL & MEDICAL SERVICE PLANS | 0.68 |
Most inversely correlated with UNHW
| Symbol | Company | Correlation |
|---|---|---|
| RXD | ProShares UltraShort Health Care | -0.35 |
| GITS | Global Interactive Technologies, Inc. Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | -0.35 |
| SAFX | XCF Global, Inc. Class A Common StockINDUSTRIAL ORGANIC CHEMICALS | -0.24 |
| DXD | ProShares UltraShort Dow 30 | -0.24 |
| DOG | ProShares Short Dow30 | -0.24 |
Frequently asked questions about UNHW correlations
- Which stocks are most correlated with UNHW?
- Based on one year of daily returns, the stocks most correlated with Roundhill UNH WeeklyPay ETF (UNHW) are UNH (0.99), UNHG (0.98) and IHF (0.87). 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 UNHW?
- Over the past year, the stocks most inversely correlated with Roundhill UNH WeeklyPay ETF (UNHW) are RXD (-0.35), GITS (-0.35) and SAFX (-0.24). 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 UNHW correlations calculated?
- We compute the correlation of daily returns between UNHW 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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