UNH vs. FEZ
UNH (UnitedHealth Group Incorporated) is a stock, while FEZ (SPDR EURO STOXX 50 ETF) is Europe Equities fund tracking the EURO STOXX 50 Index. Over the past 10 years, UNH returned 13.15%/yr vs 10.66%/yr for FEZ. At a 0.35 correlation, their price movements are largely independent.
Performance
UNH vs. FEZ - Performance Comparison
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Returns By Period
In the year-to-date period, UNH achieves a 24.12% return, which is significantly higher than FEZ's 4.68% return. Over the past 10 years, UNH has outperformed FEZ with an annualized return of 13.15%, while FEZ has yielded a comparatively lower 10.66% annualized return.
UNH
- 1D
- 1.78%
- 1M
- 7.00%
- YTD
- 24.12%
- 6M
- 26.61%
- 1Y
- 37.87%
- 3Y*
- -4.40%
- 5Y*
- 2.00%
- 10Y*
- 13.15%
FEZ
- 1D
- 0.63%
- 1M
- 0.33%
- YTD
- 4.68%
- 6M
- 6.49%
- 1Y
- 15.20%
- 3Y*
- 17.76%
- 5Y*
- 9.78%
- 10Y*
- 10.66%
UNH vs. FEZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UNH UnitedHealth Group Incorporated | 24.12% | -33.14% | -2.41% | 0.80% | 6.94% | 45.20% | 21.25% | 20.00% | 14.52% | 39.83% |
FEZ SPDR EURO STOXX 50 ETF | 4.68% | 37.81% | 3.57% | 27.16% | -14.27% | 14.84% | 4.84% | 26.04% | -15.85% | 24.80% |
Correlation
The correlation between UNH and FEZ is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2002 | 0.35 |
The correlation between UNH and FEZ shifts across timeframes, from 0.08 (3 years) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UNH vs. FEZ — Risk / Return Rank
UNH
FEZ
UNH vs. FEZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UnitedHealth Group Incorporated (UNH) and SPDR EURO STOXX 50 ETF (FEZ). 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 | FEZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.12 | +0.19 |
| Martin ratioReturn relative to average drawdown | 2.88 | 3.81 | -0.93 |
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 | FEZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.84 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.48 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.51 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.30 | +0.34 |
Drawdowns
UNH vs. FEZ - Drawdown Comparison
The maximum UNH drawdown since its inception was -74.37%, which is greater than FEZ's maximum drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for UNH and FEZ.
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Drawdown Indicators
| UNH | FEZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.37% | -64.21% | -10.16% |
Max Drawdown (1Y)Largest decline over 1 year | -28.96% | -13.63% | -15.33% |
Max Drawdown (3Y)Largest decline over 3 years | -61.39% | -15.85% | -45.54% |
Max Drawdown (5Y)Largest decline over 5 years | -61.39% | -35.05% | -26.34% |
Max Drawdown (10Y)Largest decline over 10 years | -61.39% | -39.69% | -21.70% |
Current DrawdownCurrent decline from peak | -32.60% | -2.79% | -29.81% |
Average DrawdownAverage peak-to-trough decline | -14.76% | -17.07% | +2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.19% | 4.00% | +9.19% |
Volatility
UNH vs. FEZ - Volatility Comparison
UnitedHealth Group Incorporated (UNH) has a higher volatility of 8.29% compared to SPDR EURO STOXX 50 ETF (FEZ) at 5.64%. This indicates that UNH's price experiences larger fluctuations and is considered to be riskier than FEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UNH | FEZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 5.64% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 30.87% | 15.06% | +15.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.17% | 18.11% | +22.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.87% | 20.64% | +11.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.19% | 21.12% | +9.07% |
Dividends
UNH vs. FEZ - Dividend Comparison
UNH's dividend yield for the trailing twelve months is around 2.17%, less than FEZ's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEZ SPDR EURO STOXX 50 ETF | 2.58% | 2.78% | 2.94% | 2.75% | 3.06% | 2.61% | 2.13% | 2.61% | 3.45% | 2.44% | 3.35% | 3.03% |
UNH UnitedHealth Group Incorporated | 2.17% | 2.64% | 1.62% | 1.38% | 1.21% | 1.12% | 1.38% | 1.41% | 1.38% | 1.30% | 1.48% | 1.59% |
Frequently Asked Questions
UNH and FEZ have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNH has higher volatility (8.29%) compared to FEZ (5.64%). In terms of maximum drawdown, UNH dropped -74.37% vs FEZ's -64.21%.
UNH currently has the higher Sharpe Ratio (0.95 vs 0.84), 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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