HCSG vs RGNX: Correlation
How closely do Healthcare Services Group, Inc. (HCSG) and REGENXBIO Inc. (RGNX) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCSG and RGNX?
On 3 years of weekly data the HCSG/RGNX correlation comes out at 0.44, moderate. The past 12 months show a weaker link (0.20) than the 3-year average (0.44). The 5-year figure is 0.34, and annualized covariance runs at 1644.3 %².
By 3-year correlation, RGNX places #5 of the 14 assets tracked against HCSG. Correlation aside, the last 12 months split them widely, with HCSG ahead by 41.0 points (+47.2% versus +6.2%). Risk is not evenly split, since RGNX carries 1.9 times the volatility of the other side.
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 RGNX: side by side
| HCSG (Healthcare Services Group, Inc.) | RGNX (REGENXBIO Inc.) | |
|---|---|---|
| 1-year return | +47.2% | +6.2% |
| 5-year return | -6.5% | -70.5% |
| Volatility (ann.) | 44.6% | 84.1% |
| Beta vs S&P 500 | 0.90 | 2.28 |
| Max drawdown (3Y) | -27.4% | -78.4% |
| Market cap | $1.6B | $0.6B |
| P/E (trailing) | 13.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCSG | RGNX |
|---|---|---|
| 2022 | -28.7% | -30.6% |
| 2023 | -13.6% | -20.9% |
| 2024 | +12.1% | -56.9% |
| 2025 | +64.5% | +86.3% |
| 2026 | +20.0% | -34.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCSG and RGNX good diversifiers for each other?
Reasonably. At 0.44, HCSG and RGNX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HCSG and RGNX?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.20 over the last year and 0.34 over 5 years.
Is RGNX a good diversifier for HCSG?
Reasonably. At 0.44, HCSG and RGNX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hcsg-vs-rgnx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hcsg-vs-rgnx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HCSG correlations · RGNX correlations
