HCSG vs JAGX: Correlation
How closely do Healthcare Services Group, Inc. (HCSG) and Jaguar Health, Inc. (JAGX) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCSG and JAGX?
On 3 years of weekly data the HCSG/JAGX correlation comes out at 0.32, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.15 versus 0.32 over 3 years. The 5-year figure is 0.26, and annualized covariance runs at 2277.3 %².
By 3-year correlation, JAGX places #8 of the 14 assets tracked against HCSG. Their recent paths diverged sharply: over the last 12 months HCSG outperformed by 145.8 percentage points (+47.2% for HCSG against -98.6% for JAGX). One caveat on sizing: JAGX is 3.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
HCSG vs JAGX: side by side
| HCSG (Healthcare Services Group, Inc.) | JAGX (Jaguar Health, Inc.) | |
|---|---|---|
| 1-year return | +47.2% | -98.6% |
| 5-year return | -6.5% | -100.0% |
| Volatility (ann.) | 44.6% | 159.2% |
| Beta vs S&P 500 | 0.90 | 1.63 |
| Max drawdown (3Y) | -27.4% | -100.0% |
| Market cap | $1.6B | – |
| P/E (trailing) | 13.4 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCSG | JAGX |
|---|---|---|
| 2022 | -28.7% | -91.6% |
| 2023 | -13.6% | -97.7% |
| 2024 | +12.1% | -88.9% |
| 2025 | +64.5% | -96.3% |
| 2026 | +20.0% | -97.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCSG and JAGX good diversifiers for each other?
Reasonably. At 0.32, HCSG and JAGX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HCSG and JAGX?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.15 over the last year and 0.26 over 5 years.
Is JAGX a good diversifier for HCSG?
Reasonably. At 0.32, HCSG and JAGX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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.
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Related comparisons
Hubs: HCSG correlations · JAGX correlations
