UNH vs. HON
UNH (UnitedHealth Group Incorporated) and HON (Honeywell International Inc) are both stocks. UNH operates in Healthcare Plans (Healthcare), while HON operates in Conglomerates (Industrials). Over the past 10 years, UNH returned 13.32%/yr vs 10.02%/yr for HON. At a 0.29 correlation, their price movements are largely independent.
Performance
UNH vs. HON - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UNH achieves a 24.71% return, which is significantly higher than HON's 14.11% return. Over the past 10 years, UNH has outperformed HON with an annualized return of 13.32%, while HON has yielded a comparatively lower 10.02% annualized return.
UNH
- 1D
- 0.73%
- 1M
- 1.83%
- YTD
- 24.71%
- 6M
- 20.44%
- 1Y
- 31.88%
- 3Y*
- -4.10%
- 5Y*
- 2.27%
- 10Y*
- 13.32%
HON
- 1D
- 0.54%
- 1M
- 1.63%
- YTD
- 14.11%
- 6M
- 14.95%
- 1Y
- 5.66%
- 3Y*
- 7.43%
- 5Y*
- 2.86%
- 10Y*
- 10.02%
UNH vs. HON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UNH UnitedHealth Group Incorporated | 24.71% | -33.14% | -2.41% | 0.80% | 6.94% | 45.20% | 21.25% | 20.00% | 14.52% | 39.83% |
HON Honeywell International Inc | 14.11% | -6.37% | 10.02% | 0.02% | 4.90% | -0.29% | 22.97% | 36.70% | -8.27% | 35.10% |
Correlation
The correlation between UNH and HON 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 | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.29 |
The correlation between UNH and HON shifts across timeframes, from 0.19 (3 years) to 0.33 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
UNH:
$371.75B
HON:
$140.65B
UNH:
$13.23
HON:
$6.42
UNH:
30.88
HON:
34.34
UNH:
0.83
HON:
3.83
UNH:
3.58
HON:
6.60
UNH:
$449.71B
HON:
$36.76B
UNH:
$84.55B
HON:
$13.58B
UNH:
$22.99B
HON:
$6.55B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UNH vs. HON — Risk / Return Rank
UNH
HON
UNH vs. HON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UnitedHealth Group Incorporated (UNH) and Honeywell International Inc (HON). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UNH | HON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.06 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.34 | +0.76 |
| Martin ratioReturn relative to average drawdown | 2.43 | 0.59 | +1.84 |
Loading charts...
Drawdowns
UNH vs. HON - Drawdown Comparison
The maximum UNH drawdown since its inception was -74.37%, which is greater than HON's maximum drawdown of -70.09%. Use the drawdown chart below to compare losses from any high point for UNH and HON.
Loading charts...
Drawdown Indicators
| UNH | HON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.37% | -70.09% | -4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -28.96% | -16.54% | -12.42% |
Max Drawdown (3Y)Largest decline over 3 years | -61.39% | -22.10% | -39.29% |
Max Drawdown (5Y)Largest decline over 5 years | -61.39% | -27.13% | -34.26% |
Max Drawdown (10Y)Largest decline over 10 years | -61.39% | -43.01% | -18.38% |
Current DrawdownCurrent decline from peak | -32.27% | -10.69% | -21.58% |
Average DrawdownAverage peak-to-trough decline | -14.77% | -20.28% | +5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.19% | 9.68% | +3.51% |
Volatility
UNH vs. HON - Volatility Comparison
The current volatility for UnitedHealth Group Incorporated (UNH) is 7.60%, while Honeywell International Inc (HON) has a volatility of 11.56%. This indicates that UNH experiences smaller price fluctuations and is considered to be less risky than HON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UNH | HON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.60% | 11.56% | -3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 30.86% | 18.95% | +11.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.10% | 24.12% | +15.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.87% | 22.02% | +9.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.18% | 23.64% | +6.54% |
Dividends
UNH vs. HON - Dividend Comparison
UNH's dividend yield for the trailing twelve months is around 2.16%, more than HON's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HON Honeywell International Inc | 2.10% | 2.25% | 1.93% | 1.99% | 1.85% | 1.81% | 1.71% | 1.90% | 2.24% | 1.79% | 2.11% | 2.07% |
UNH UnitedHealth Group Incorporated | 2.16% | 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. HON - Financials Comparison
This section allows you to compare key financial metrics between UnitedHealth Group Incorporated and Honeywell International 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. HON - 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%.
HON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported a gross profit of 3.54B and revenue of 9.14B. Therefore, the gross margin over that period was 38.7%.
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%.
HON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported an operating income of 886.00M and revenue of 9.14B, resulting in an operating margin of 9.7%.
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%.
HON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported a net income of 821.00M and revenue of 9.14B, resulting in a net margin of 9.0%.
Frequently Asked Questions
UNH and HON 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.
HON has higher volatility (11.56%) compared to UNH (7.60%). In terms of maximum drawdown, UNH dropped -74.37% vs HON's -70.09%.
UNH currently has the higher Sharpe Ratio (0.80 vs 0.24), 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.
Find the right allocation for UNH and HON
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer