HAYW vs HCA: Correlation
Hayward Holdings, Inc. (HAYW) and HCA Healthcare (HCA) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAYW and HCA?
Over the past 3 years, HAYW and HCA moved with a correlation of 0.42, which is moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.42 over 3. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 354.2 %².
By 3-year correlation, HCA places #9 of the 14 assets tracked against HAYW. Their recent paths diverged sharply: over the last 12 months HCA outperformed by 16.6 percentage points (-12.4% for HAYW against +4.2% for HCA).
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.
HAYW vs HCA: side by side
| HAYW (Hayward Holdings, Inc.) | HCA (HCA Healthcare) | |
|---|---|---|
| 1-year return | -12.4% | +4.2% |
| 5-year return | -33.8% | +72.5% |
| Volatility (ann.) | 31.5% | 26.9% |
| Beta vs S&P 500 | 0.91 | 0.42 |
| Max drawdown (3Y) | -31.8% | -33.6% |
| Market cap | $3.0B | $90.8B |
| P/E (trailing) | 20.1 | 14.1 |
| Dividend yield | 0.00% | 0.70% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | HAYW | HCA |
|---|---|---|
| 2022 | -64.2% | -5.6% |
| 2023 | +44.7% | +13.8% |
| 2024 | +12.4% | +11.8% |
| 2025 | +1.0% | +56.7% |
| 2026 | -7.8% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAYW and HCA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HAYW and HCA?
The HAYW/HCA correlation stands at 0.42 on a 3-year window (1 year: 0.42, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is HCA a good diversifier for HAYW?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined 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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Hubs: HAYW correlations · HCA correlations
