CNS vs HCAT: Correlation
Cohen & Steers Inc (CNS) and Health Catalyst, Inc (HCAT) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNS and HCAT?
Across a 3-year window, the weekly returns of CNS and HCAT correlate at 0.46, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.46 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 1001.2 %².
Among the 13 assets we track against CNS, HCAT ranks #7 by 3-year correlation. The last year tells two different stories: CNS led by 70.6 percentage points, +13.7% for CNS against -56.9% for HCAT. Risk is not evenly split, since HCAT carries 2.4 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.
CNS vs HCAT: side by side
| CNS (Cohen & Steers Inc) | HCAT (Health Catalyst, Inc) | |
|---|---|---|
| 1-year return | +13.7% | -56.9% |
| 5-year return | +11.8% | -97.0% |
| Volatility (ann.) | 30.4% | 71.7% |
| Beta vs S&P 500 | 0.83 | 1.49 |
| Max drawdown (3Y) | -42.6% | -91.6% |
| Market cap | $4.2B | $0.1B |
| P/E (trailing) | 25.7 | – |
| Dividend yield | 3.10% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNS | HCAT |
|---|---|---|
| 2022 | -28.0% | -73.2% |
| 2023 | +21.8% | -12.9% |
| 2024 | +25.5% | -23.7% |
| 2025 | -29.8% | -66.2% |
| 2026 | +35.3% | -33.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNS and HCAT good diversifiers for each other?
Reasonably. At 0.46, CNS and HCAT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CNS and HCAT?
As of 2026-08-27, the correlation of weekly returns between CNS and HCAT is 0.46 over 3 years, 0.40 over 1 year and 0.48 over 5 years.
Is HCAT a good diversifier for CNS?
Reasonably. At 0.46, CNS and HCAT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cns-vs-hcat.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cns-vs-hcat/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNS correlations · HCAT correlations
