FDS vs HSDT: Correlation
FactSet (FDS) and Solana Company (HSDT) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDS and HSDT?
Over the past 3 years, FDS and HSDT moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (-0.23). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -1278.6 %².
Out of 32 assets tracked against FDS, HSDT lands near the bottom at #30. Correlation aside, the last 12 months split them widely, with FDS ahead by 42.1 points (-18.6% versus -60.7%). One caveat on sizing: HSDT is 5.6 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.
FDS vs HSDT: side by side
| FDS (FactSet) | HSDT (Solana Company) | |
|---|---|---|
| 1-year return | -18.6% | -60.7% |
| 5-year return | -15.8% | -100.0% |
| Volatility (ann.) | 31.9% | 177.7% |
| Beta vs S&P 500 | 0.56 | 0.34 |
| Max drawdown (3Y) | -61.1% | -100.0% |
| Market cap | $10.8B | $0.1B |
| P/E (trailing) | 19.5 | 0.0 |
| Dividend yield | 1.51% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FDS | HSDT |
|---|---|---|
| 2022 | -16.7% | -94.1% |
| 2023 | +20.0% | -47.6% |
| 2024 | +1.6% | -91.7% |
| 2025 | -38.9% | -99.4% |
| 2026 | +6.0% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDS and HSDT good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between FDS and HSDT?
The FDS/HSDT correlation stands at -0.23 on a 3-year window (1 year: -0.36, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is HSDT a good diversifier for FDS?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/fds-vs-hsdt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fds-vs-hsdt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FDS correlations · HSDT correlations
