UNH vs. CAT
UNH (UnitedHealth Group Incorporated) and CAT (Caterpillar Inc.) are both stocks. UNH operates in Healthcare Plans (Healthcare), while CAT operates in Farm & Heavy Construction Machinery (Industrials). Over the past 10 years, UNH returned 13.14%/yr vs 30.90%/yr for CAT. At a 0.25 correlation, their price movements are largely independent.
Performance
UNH vs. CAT - Performance Comparison
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Returns By Period
In the year-to-date period, UNH achieves a 21.95% return, which is significantly lower than CAT's 58.52% return. Over the past 10 years, UNH has underperformed CAT with an annualized return of 13.14%, while CAT has yielded a comparatively higher 30.90% annualized return.
UNH
- 1D
- 0.76%
- 1M
- 8.76%
- YTD
- 21.95%
- 6M
- 22.48%
- 1Y
- 38.84%
- 3Y*
- -4.57%
- 5Y*
- 1.42%
- 10Y*
- 13.14%
CAT
- 1D
- -3.85%
- 1M
- -2.44%
- YTD
- 58.52%
- 6M
- 50.56%
- 1Y
- 161.94%
- 3Y*
- 61.01%
- 5Y*
- 32.30%
- 10Y*
- 30.90%
UNH vs. CAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UNH UnitedHealth Group Incorporated | 21.95% | -33.14% | -2.41% | 0.80% | 6.94% | 45.20% | 21.25% | 20.00% | 14.52% | 39.83% |
CAT Caterpillar Inc. | 58.52% | 60.30% | 24.66% | 25.95% | 18.60% | 15.95% | 26.97% | 19.51% | -17.56% | 75.03% |
Correlation
The correlation between UNH and CAT is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990 | 0.25 |
The correlation between UNH and CAT shifts across timeframes, from 0.09 (3 years) to 0.26 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
UNH:
$363.52B
CAT:
$421.21B
UNH:
$13.23
CAT:
$20.07
UNH:
30.20
CAT:
45.05
UNH:
0.81
CAT:
6.00
UNH:
3.50
CAT:
22.57
UNH:
$449.71B
CAT:
$70.76B
UNH:
$84.55B
CAT:
$23.01B
UNH:
$22.99B
CAT:
$15.31B
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Return for Risk
UNH vs. CAT — Risk / Return Rank
UNH
CAT
UNH vs. CAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UnitedHealth Group Incorporated (UNH) and Caterpillar Inc. (CAT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| UNH | CAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.79 | ||
| Sortino ratioReturn per unit of downside risk | -4.00 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.69 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 11.74 | -10.39 |
| Martin ratioReturn relative to average drawdown | 2.95 | 38.98 | -36.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UNH | CAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 4.76 | -3.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 1.06 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 1.00 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.35 | +0.29 |
Drawdowns
UNH vs. CAT - Drawdown Comparison
The maximum UNH drawdown since its inception was -74.37%, roughly equal to the maximum CAT drawdown of -73.43%. Use the drawdown chart below to compare losses from any high point for UNH and CAT.
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Drawdown Indicators
| UNH | CAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.37% | -73.43% | -0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -28.96% | -13.88% | -15.08% |
Max Drawdown (3Y)Largest decline over 3 years | -61.39% | -34.05% | -27.34% |
Max Drawdown (5Y)Largest decline over 5 years | -61.39% | -34.05% | -27.34% |
Max Drawdown (10Y)Largest decline over 10 years | -61.39% | -43.36% | -18.03% |
Current DrawdownCurrent decline from peak | -33.78% | -3.85% | -29.93% |
Average DrawdownAverage peak-to-trough decline | -14.76% | -19.74% | +4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.19% | 4.17% | +9.02% |
Volatility
UNH vs. CAT - Volatility Comparison
The current volatility for UnitedHealth Group Incorporated (UNH) is 8.18%, while Caterpillar Inc. (CAT) has a volatility of 11.26%. This indicates that UNH experiences smaller price fluctuations and is considered to be less risky than CAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UNH | CAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 11.26% | -3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 30.89% | 27.35% | +3.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.16% | 34.24% | +5.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.86% | 30.67% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.18% | 30.88% | -0.70% |
Dividends
UNH vs. CAT - Dividend Comparison
UNH's dividend yield for the trailing twelve months is around 2.21%, more than CAT's 0.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAT Caterpillar Inc. | 0.67% | 1.02% | 1.49% | 1.69% | 1.93% | 2.07% | 2.26% | 2.56% | 2.58% | 1.97% | 3.32% | 4.33% |
UNH UnitedHealth Group Incorporated | 2.21% | 2.64% | 1.62% | 1.38% | 1.21% | 1.12% | 1.38% | 1.41% | 1.38% | 1.30% | 1.48% | 1.59% |
Financials
UNH vs. CAT - Financials Comparison
This section allows you to compare key financial metrics between UnitedHealth Group Incorporated and Caterpillar Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
UNH vs. CAT - Profitability Comparison
UNH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, UnitedHealth Group Incorporated reported a gross profit of 25.41B and revenue of 111.72B. Therefore, the gross margin over that period was 22.7%.
CAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported a gross profit of 6.11B and revenue of 17.42B. Therefore, the gross margin over that period was 35.1%.
UNH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, UnitedHealth Group Incorporated reported an operating income of 8.99B and revenue of 111.72B, resulting in an operating margin of 8.1%.
CAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported an operating income of 3.09B and revenue of 17.42B, resulting in an operating margin of 17.7%.
UNH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, UnitedHealth Group Incorporated reported a net income of 6.28B and revenue of 111.72B, resulting in a net margin of 5.6%.
CAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Caterpillar Inc. reported a net income of 2.55B and revenue of 17.42B, resulting in a net margin of 14.6%.
Frequently Asked Questions
UNH and CAT have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAT has higher volatility (11.26%) compared to UNH (8.18%). In terms of maximum drawdown, UNH dropped -74.37% vs CAT's -73.43%.
CAT currently has the higher Sharpe Ratio (4.76 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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