HAE vs HCKT: Correlation
Haemonetics Corporation (HAE) and The Hackett Group, Inc. (HCKT) 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 HAE and HCKT?
Across a 3-year window, the weekly returns of HAE and HCKT correlate at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.36, with an annualized covariance of 789.1 %².
In HAE's tracked universe of 12 assets, HCKT sits right near the top at #1. The last year tells two different stories: HAE led by 134.9 percentage points, +90.8% for HAE against -44.1% for HCKT.
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.
HAE vs HCKT: side by side
| HAE (Haemonetics Corporation) | HCKT (The Hackett Group, Inc.) | |
|---|---|---|
| 1-year return | +90.8% | -44.1% |
| 5-year return | +69.8% | -35.3% |
| Volatility (ann.) | 46.1% | 37.5% |
| Beta vs S&P 500 | 0.53 | 0.78 |
| Max drawdown (3Y) | -51.0% | -70.5% |
| Market cap | $4.8B | $0.3B |
| P/E (trailing) | 51.5 | 17.5 |
| Dividend yield | 0.00% | 4.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAE | HCKT |
|---|---|---|
| 2022 | +48.3% | +1.5% |
| 2023 | +8.7% | +14.1% |
| 2024 | -8.7% | +37.3% |
| 2025 | +2.7% | -34.7% |
| 2026 | +31.0% | -41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAE and HCKT good diversifiers for each other?
Reasonably. At 0.46, HAE and HCKT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HAE and HCKT?
As of 2026-08-27, the correlation of weekly returns between HAE and HCKT is 0.46 over 3 years, 0.48 over 1 year and 0.36 over 5 years.
Is HCKT a good diversifier for HAE?
Reasonably. At 0.46, HAE and HCKT 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/hae-vs-hckt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hae-vs-hckt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAE correlations · HCKT correlations
