CCZ vs HCSG: Correlation
Measured on weekly returns over the past three years, Comcast Holdings ZONES (CCZ) and Healthcare Services Group, Inc. (HCSG) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCZ and HCSG?
Over the past 3 years, CCZ and HCSG moved with a correlation of 0.33, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.00 versus 0.33 over 3 years. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 321.2 %².
Few assets follow CCZ as closely as HCSG, which ranks #3 of 10 tracked partners. The last year tells two different stories: HCSG led by 34.8 percentage points, +12.4% for CCZ against +47.2% for HCSG. One caveat on sizing: HCSG is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CCZ vs HCSG: side by side
| CCZ (Comcast Holdings ZONES) | HCSG (Healthcare Services Group, Inc.) | |
|---|---|---|
| 1-year return | +12.4% | +47.2% |
| 5-year return | +24.7% | -6.5% |
| Volatility (ann.) | 21.9% | 44.6% |
| Beta vs S&P 500 | 0.35 | 0.90 |
| Max drawdown (3Y) | -16.3% | -27.4% |
| Market cap | – | $1.6B |
| P/E (trailing) | – | 13.4 |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCZ | HCSG |
|---|---|---|
| 2022 | -8.9% | -28.7% |
| 2023 | +3.8% | -13.6% |
| 2024 | +10.6% | +12.1% |
| 2025 | +1.3% | +64.5% |
| 2026 | +12.3% | +20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCZ and HCSG good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CCZ and HCSG?
The CCZ/HCSG correlation stands at 0.33 on a 3-year window (1 year: 0.00, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is HCSG a good diversifier for CCZ?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccz-vs-hcsg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccz-vs-hcsg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCZ correlations · HCSG correlations
