ECPG vs HSIC: Correlation
How closely do Encore Capital Group Inc (ECPG) and Henry Schein (HSIC) 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 ECPG and HSIC?
On 3 years of weekly data the ECPG/HSIC correlation comes out at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 378.8 %².
Among the 16 assets we track against ECPG, HSIC ranks #10 by 3-year correlation. The last year tells two different stories: ECPG led by 113.4 percentage points, +144.3% for ECPG against +30.9% for HSIC.
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.
ECPG vs HSIC: side by side
| ECPG (Encore Capital Group Inc) | HSIC (Henry Schein) | |
|---|---|---|
| 1-year return | +144.3% | +30.9% |
| 5-year return | +114.1% | +20.1% |
| Volatility (ann.) | 35.6% | 25.2% |
| Beta vs S&P 500 | 0.85 | 0.33 |
| Max drawdown (3Y) | -49.2% | -24.3% |
| Market cap | $2.2B | $10.1B |
| P/E (trailing) | 7.7 | 26.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | ECPG | HSIC |
|---|---|---|
| 2022 | -22.8% | +3.0% |
| 2023 | +5.9% | -5.2% |
| 2024 | -5.9% | -8.6% |
| 2025 | +13.8% | +9.2% |
| 2026 | +87.6% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECPG and HSIC good diversifiers for each other?
Reasonably. At 0.42, ECPG and HSIC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ECPG and HSIC?
As of 2026-08-27, the correlation of weekly returns between ECPG and HSIC is 0.42 over 3 years, 0.45 over 1 year and 0.39 over 5 years.
Is HSIC a good diversifier for ECPG?
Reasonably. At 0.42, ECPG and HSIC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ECPG correlations · HSIC correlations
