DEC vs HSCS: Correlation
Measured on weekly returns over the past three years, Diversified Energy Company (DEC) and HeartSciences Inc. (HSCS) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEC and HSCS?
Over the past 3 years, DEC and HSCS moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.00) than the 3-year average (-0.17). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is nan %².
Among the 27 assets we track against DEC, HSCS ranks #15 by 3-year correlation. Over the last 12 months DEC came out ahead by 7.0 percentage points (-0.7% against -7.7%).
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.
DEC vs HSCS: side by side
| DEC (Diversified Energy Company) | HSCS (HeartSciences Inc.) | |
|---|---|---|
| 1-year return | -0.7% | -7.7% |
| 5-year return | n/a | -98.7% |
| Volatility (ann.) | n/a | 104.0% |
| Beta vs S&P 500 | nan | 0.88 |
| Max drawdown (3Y) | -36.6% | -98.0% |
| Market cap | $1.0B | – |
| P/E (trailing) | 2.5 | – |
| Dividend yield | 7.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEC | HSCS |
|---|---|---|
| 2023 | +inf% | -79.6% |
| 2024 | +30.4% | -77.7% |
| 2025 | -4.7% | -19.1% |
| 2026 | +8.5% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEC and HSCS good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DEC and HSCS?
As of 2026-08-27, the correlation of weekly returns between DEC and HSCS is -0.17 over 3 years, 0.00 over 1 year and n/a over 5 years.
Is HSCS a good diversifier for DEC?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
A reading of -0.17 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/dec-vs-hscs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dec-vs-hscs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DEC correlations · HSCS correlations
