CCC vs HQY: Correlation
How closely do CCC Intelligent Solutions Holdings Inc. (CCC) and HealthEquity, Inc. (HQY) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCC and HQY?
Over the past 3 years, CCC and HQY moved with a correlation of 0.42, which is moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.42). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 550.3 %².
Among the 21 assets we track against CCC, HQY ranks #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HQY ahead by 28.8 points (-22.7% versus +6.1%).
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.
CCC vs HQY: side by side
| CCC (CCC Intelligent Solutions Holdings Inc.) | HQY (HealthEquity, Inc.) | |
|---|---|---|
| 1-year return | -22.7% | +6.1% |
| 5-year return | -30.0% | +45.4% |
| Volatility (ann.) | 39.5% | 32.9% |
| Beta vs S&P 500 | 0.83 | 0.63 |
| Max drawdown (3Y) | -68.4% | -36.1% |
| Market cap | $4.5B | $7.7B |
| P/E (trailing) | 108.6 | 39.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCC | HQY |
|---|---|---|
| 2022 | -23.6% | +39.3% |
| 2023 | +30.9% | +7.6% |
| 2024 | +3.0% | +44.7% |
| 2025 | -32.2% | -4.5% |
| 2026 | -4.4% | +1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCC and HQY good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CCC and HQY?
The CCC/HQY correlation stands at 0.42 on a 3-year window (1 year: 0.52, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is HQY a good diversifier for CCC?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CCC correlations · HQY correlations
