HCA vs LOW: Correlation
How closely do HCA Healthcare (HCA) and Lowe's (LOW) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCA and LOW?
Across a 3-year window, the weekly returns of HCA and LOW correlate at 0.42, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.42 over 3. Stretching to 5 years gives 0.47, with an annualized covariance of 280.5 %².
Among the 32 assets we track against HCA, LOW ranks #8 by 3-year correlation. The last year tells two different stories: HCA led by 22.6 percentage points, +4.2% for HCA against -18.4% for LOW. Across three years, the rolling one-year figure varied moderately, from 0.28 to 0.63.
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.
HCA vs LOW: side by side
| HCA (HCA Healthcare) | LOW (Lowe's) | |
|---|---|---|
| 1-year return | +4.2% | -18.4% |
| 5-year return | +72.5% | +11.1% |
| Volatility (ann.) | 26.9% | 24.8% |
| Beta vs S&P 500 | 0.42 | 0.83 |
| Max drawdown (3Y) | -33.6% | -29.0% |
| Market cap | $90.8B | – |
| P/E (trailing) | 14.1 | 17.8 |
| Dividend yield | 0.70% | 2.31% |
| Sector / category | Health Care | Consumer Discretionary |
Year-by-year returns
| Year | HCA | LOW |
|---|---|---|
| 2022 | -5.6% | -21.5% |
| 2023 | +13.8% | +14.0% |
| 2024 | +11.8% | +13.0% |
| 2025 | +56.7% | -0.3% |
| 2026 | -9.9% | -12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCA and LOW good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HCA and LOW?
The HCA/LOW correlation stands at 0.42 on a 3-year window (1 year: 0.34, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is LOW a good diversifier for HCA?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HCA correlations · LOW correlations
