HAS vs HCA: Correlation
Hasbro (HAS) and HCA Healthcare (HCA) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAS and HCA?
On 3 years of weekly data the HAS/HCA correlation comes out at 0.39, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.39 over 3. The 5-year figure is 0.36, and annualized covariance runs at 331.3 %².
Within HAS's tracked universe of 36 assets, HCA comes in at #18 by 3-year correlation. The last year tells two different stories: HAS led by 15.0 percentage points, +19.2% for HAS against +4.2% for HCA. The link looks structural: the rolling one-year correlation barely moved, holding between 0.30 and 0.53.
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.
HAS vs HCA: side by side
| HAS (Hasbro) | HCA (HCA Healthcare) | |
|---|---|---|
| 1-year return | +19.2% | +4.2% |
| 5-year return | +17.1% | +72.5% |
| Volatility (ann.) | 31.7% | 26.9% |
| Beta vs S&P 500 | 0.86 | 0.42 |
| Max drawdown (3Y) | -40.3% | -33.6% |
| Market cap | $13.3B | $90.8B |
| P/E (trailing) | 17.1 | 14.1 |
| Dividend yield | 2.91% | 0.70% |
| Sector / category | Consumer Discretionary | Health Care |
Year-by-year returns
| Year | HAS | HCA |
|---|---|---|
| 2022 | -37.9% | -5.6% |
| 2023 | -11.9% | +13.8% |
| 2024 | +14.8% | +11.8% |
| 2025 | +52.5% | +56.7% |
| 2026 | +17.5% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAS and HCA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HAS and HCA?
As of 2026-08-27, the correlation of weekly returns between HAS and HCA is 0.39 over 3 years, 0.39 over 1 year and 0.36 over 5 years.
Is HCA a good diversifier for HAS?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/has-vs-hca.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/has-vs-hca/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HAS correlations · HCA correlations
