FCFS vs HCSG: Correlation
How closely do FirstCash Holdings, Inc. (FCFS) and Healthcare Services Group, Inc. (HCSG) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCFS and HCSG?
On 3 years of weekly data the FCFS/HCSG correlation comes out at 0.30, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 306.4 %².
HCSG is one of the assets that tracks FCFS most closely: it ranks #3 out of the 13 assets we track against FCFS. Their 12-month results are close: +52.1% for FCFS against +47.2% for HCSG. Risk is not evenly split, since HCSG carries 1.9 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.
FCFS vs HCSG: side by side
| FCFS (FirstCash Holdings, Inc.) | HCSG (Healthcare Services Group, Inc.) | |
|---|---|---|
| 1-year return | +52.1% | +47.2% |
| 5-year return | +180.4% | -6.5% |
| Volatility (ann.) | 23.3% | 44.6% |
| Beta vs S&P 500 | 0.08 | 0.90 |
| Max drawdown (3Y) | -23.4% | -27.4% |
| Market cap | $9.7B | $1.6B |
| P/E (trailing) | 25.0 | 13.4 |
| Dividend yield | 0.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCFS | HCSG |
|---|---|---|
| 2022 | +18.0% | -28.7% |
| 2023 | +26.5% | -13.6% |
| 2024 | -3.2% | +12.1% |
| 2025 | +55.7% | +64.5% |
| 2026 | +41.5% | +20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCFS and HCSG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FCFS and HCSG?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.32 over the last year and 0.24 over 5 years.
Is HCSG a good diversifier for FCFS?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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
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[](https://www.pairbook.io/pair/fcfs-vs-hcsg/)
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Related comparisons
Hubs: FCFS correlations · HCSG correlations
