HCA vs MHK: Correlation
HCA Healthcare (HCA) and Mohawk Industries, Inc. (MHK) 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 HCA and MHK?
On 3 years of weekly data the HCA/MHK correlation comes out at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.39 over 3 years. The 5-year figure is 0.43, and annualized covariance runs at 414.0 %².
By 3-year correlation, MHK places #11 of the 32 assets tracked against HCA. Over the last 12 months HCA came out ahead by 6.0 percentage points (+4.2% against -1.8%).
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 MHK: side by side
| HCA (HCA Healthcare) | MHK (Mohawk Industries, Inc.) | |
|---|---|---|
| 1-year return | +4.2% | -1.8% |
| 5-year return | +72.5% | -35.8% |
| Volatility (ann.) | 26.9% | 39.3% |
| Beta vs S&P 500 | 0.42 | 1.13 |
| Max drawdown (3Y) | -33.6% | -42.0% |
| Market cap | $90.8B | $8.8B |
| P/E (trailing) | 14.1 | 17.5 |
| Dividend yield | 0.70% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | HCA | MHK |
|---|---|---|
| 2022 | -5.6% | -43.9% |
| 2023 | +13.8% | +1.3% |
| 2024 | +11.8% | +15.1% |
| 2025 | +56.7% | -8.3% |
| 2026 | -9.9% | +18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCA and MHK 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 HCA and MHK?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.23 over the last year and 0.43 over 5 years.
Is MHK a good diversifier for HCA?
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?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hca-vs-mhk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hca-vs-mhk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HCA correlations · MHK correlations
