Elevance Health Inc. (ELV)

ELV · Health Care · United States

Elevance Health Inc. (ELV) is a company in the Health Care sector, based in United States. The stock is held in 23 ETFs we track – with its largest weight of 1.46 % in XUHL (msci-usa-health-care). Anyone holding one of these ETFs also owns a small indirect stake in Elevance Health.

Very high ETF coverage: 23 of the 95 ETFs we cover hold Elevance Health, spread across 11 indices. That puts the stock in more ETFs than 90.2 % of the 4,334 stocks we cover.

Held in23 ETFs

Highest weight1.46 %

Indices11

SectorHealth Care

CountryUnited States

ISINUS0367521038

Data note 1

Price chart

Data note 2

Performance

Performance
Year to date	+17.7 %	1 year	+33.1 %
1 month	+5.7 %	3 months	+5.4 %
Calendar year 2025	-5.0 %

52W

Data note 3

Measured in euros, Elevance Health returned +19.9 % year to date and +36.2 % over one year. The gap to the dollar figures above comes from the exchange rate alone: each daily price is converted at the ECB euro reference rate for the same day.

Data note 4

Risk metrics

Max drawdown-51.2 %

Volatility p.a.35.3 %

Data note 5

Below peak-26.6 %

Beta to S&P 5000.34

Correlation to S&P 5000.12

The close on Sep 16, 2026 was 26.6 % below the highest close since Aug 12, 2024, reached on Sep 3, 2024. Over the last 252 trading days, on days when the S&P 500 rose or fell 1 %, Elevance Health moved on average 0.34 % in the same direction. The correlation of 0.12 shows how reliable that average is: the broad market explained only a small share of the daily moves.

Data note 6

Correlated with

The strongest co-movers on top, the most inverse below. Low or negative values improve portfolio diversification.

Correlated with
Instrument	r	−1 … +1
Centene Corporation	+0.73
UnitedHealth Group Incorporated	+0.61
Cigna Group	+0.57
Humana Inc.	+0.55
NFP	+0.53
CVS Health Corporation	+0.38
RLUSD	-0.26
CFG	-0.26
ONDO	-0.25

Data note 7

Key financials

Latest reported fiscal year (FY2025, period end 2025-12-31) as filed with the SEC.

Revenue199.1 bn $

Net income5.7 bn $

Diluted EPS25.21 $

Net margin2.8 %

Return on equity12.9 %

Equity ratio36.1 %

Revenue growth+12.5 %

Revenue and profit by fiscal year
Fiscal year	Revenue	Net income	Margin
FY2023	171.3	6.0	3.5 %
FY2024	177.0	6.0	3.4 %
FY2025	199.1	5.7	2.8 %

Data note 8

Held in these ETFs

Held in these ETFs
ETF	Index	Weight	per €1,000 in the ETF
XUHL / XUHC	msci-usa-health-care	1.46 %	€14.60
SPFS	msci-world-health-care	1.08 %	€10.80
XDWH	msci-world-health-care	1.07 %	€10.70
XDEB	msci-world-minimum-volatility	0.49 %	€4.90
XDEV	msci-world-value	0.42 %	€4.20
2B7K	msci-world-sri	0.42 %	€4.20
WVAL	msci-world-value	0.31 %	€3.10
SPYL / SPY5	sp500	0.14 %	€1.40
SXR8	sp500	0.14 %	€1.40
XD9U / XD9D	msci-usa	0.14 %	€1.40
SWWD	msci-world	0.10 %	€1.00
EUNL	msci-world	0.10 %	€1.00
SPPW	msci-world	0.10 %	€1.00
XDWD / XDWL	msci-world	0.10 %	€1.00
WIMI	msci-world-imi	0.09 %	€0.90
SPYI / SPSA	msci-acwi-imi	0.09 %	€0.90
SPYY	msci-acwi	0.09 %	€0.90
IUSQ	msci-acwi	0.09 %	€0.90

Data note 9

The last column turns the weight into euros: this much of €1,000 invested in one of these funds is allocated to Elevance Health as of the fund's latest holdings list.

Weight in EUNL since 2022

Jun 30, 2022Sep 16, 2026

In EUNL, a fund tracking the MSCI World, Elevance Health had a weight of 0.24 % on Jun 30, 2022 and 0.10 % on Sep 16, 2026. Its share peaked at 0.24 % on Jun 30, 2022. The weight rises and falls with the stock's price relative to the other index members, and it also shifts when the index provider changes the composition.

Data note 10

How much Elevance Health Inc. overlaps with other holdings in a portfolio is shown by the Portfolio X-Ray and the ETF overlap check.

Stocks with similar ETF exposure

Names that reach a portfolio through largely the same funds as Elevance Health — the figure counts the ETFs holding both.

Data note 11

Key figures side by side

Key figures compared with stocks of similar ETF exposure
Stock	1 year	Volatility p.a.	Net margin	Revenue growth
Elevance Health	+33.1 %	35.3 %	2.8 %	+12.5 %
Cigna Group	-4.7 %	30.7 %	2.2 %	+11.2 %
Centene Corporation	+107.6 %	51.4 %	-3.8 %	+20.0 %
Cooper Companies	-16.2 %	33.6 %	9.2 %	+5.1 %
Zimmer Biomet Holdings	-2.4 %	29.6 %	8.6 %	+7.2 %
Incyte Corporation	+48.7 %	34.3 %	25.0 %	+21.2 %
Biogen	+50.3 %	32.2 %	13.1 %	+2.2 %
Edwards Lifesciences Corporation	+18.9 %	25.1 %	17.7 %	+11.5 %
HCA Healthcare Inc	+7.7 %	29.1 %	9.0 %	+7.1 %

Return and volatility from our daily closing prices in US dollars; margin and growth from the latest SEC annual filing. Fiscal years do not all end on the same date.