BSIN vs HCA: Correlation
Big Sky Industrial Inc. (BSIN) and HCA Healthcare (HCA) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSIN and HCA?
Over the past 3 years, BSIN and HCA moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.25 over 3 years. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -501.0 %².
HCA is close to the least connected end of BSIN's tracked universe, ranking #10 of 13. The last year tells two different stories: BSIN led by 23.8 percentage points, +28.0% for BSIN against +4.2% for HCA. Risk is not evenly split, since BSIN carries 2.8 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BSIN vs HCA: side by side
| BSIN (Big Sky Industrial Inc.) | HCA (HCA Healthcare) | |
|---|---|---|
| 1-year return | +28.0% | +4.2% |
| 5-year return | -60.2% | +72.5% |
| Volatility (ann.) | 75.7% | 26.9% |
| Beta vs S&P 500 | 0.30 | 0.42 |
| Max drawdown (3Y) | -81.8% | -33.6% |
| Market cap | $0.1B | $90.8B |
| P/E (trailing) | – | 14.1 |
| Dividend yield | 0.00% | 0.70% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BSIN | HCA |
|---|---|---|
| 2022 | -28.2% | -5.6% |
| 2023 | -55.3% | +13.8% |
| 2024 | +63.0% | +11.8% |
| 2025 | -43.6% | +56.7% |
| 2026 | +64.1% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSIN and HCA good diversifiers for each other?
Yes. With a correlation of -0.25, BSIN and HCA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BSIN and HCA?
The BSIN/HCA correlation stands at -0.25 on a 3-year window (1 year: -0.42, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is HCA a good diversifier for BSIN?
Yes. With a correlation of -0.25, BSIN and HCA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Hubs: BSIN correlations · HCA correlations
