HCA vs PNTG: Correlation
How closely do HCA Healthcare (HCA) and The Pennant Group, Inc. (PNTG) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCA and PNTG?
Over the past 3 years, HCA and PNTG moved with a correlation of 0.38, which is moderate. The relationship has been stable: the 1-year correlation (0.30) sits close to the 3-year figure. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 355.4 %².
Among the 32 assets we track against HCA, PNTG ranks #15 by 3-year correlation. The last year tells two different stories: PNTG led by 50.2 percentage points, +4.2% for HCA against +54.4% for PNTG.
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 PNTG: side by side
| HCA (HCA Healthcare) | PNTG (The Pennant Group, Inc.) | |
|---|---|---|
| 1-year return | +4.2% | +54.4% |
| 5-year return | +72.5% | +30.0% |
| Volatility (ann.) | 26.9% | 34.4% |
| Beta vs S&P 500 | 0.42 | 0.71 |
| Max drawdown (3Y) | -33.6% | -40.2% |
| Market cap | $90.8B | $1.3B |
| P/E (trailing) | 14.1 | 42.0 |
| Dividend yield | 0.70% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | HCA | PNTG |
|---|---|---|
| 2022 | -5.6% | -52.4% |
| 2023 | +13.8% | +26.8% |
| 2024 | +11.8% | +90.5% |
| 2025 | +56.7% | +6.1% |
| 2026 | -9.9% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCA and PNTG good diversifiers for each other?
Reasonably. At 0.38, HCA and PNTG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HCA and PNTG?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.30 over the last year and 0.22 over 5 years.
Is PNTG a good diversifier for HCA?
Reasonably. At 0.38, HCA and PNTG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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
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Related comparisons
Hubs: HCA correlations · PNTG correlations
