HCSG vs SXT: Correlation
Measured on weekly returns over the past three years, Healthcare Services Group, Inc. (HCSG) and Sensient Technologies Corporation (SXT) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCSG and SXT?
On 3 years of weekly data the HCSG/SXT correlation comes out at 0.50, moderate. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.50). The 5-year figure is 0.43, and annualized covariance runs at 755.7 %².
SXT is one of the assets that tracks HCSG most closely: it ranks #1 out of the 14 assets we track against HCSG. The last year tells two different stories: HCSG led by 27.7 percentage points, +47.2% for HCSG against +19.5% for SXT.
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 SXT: side by side
| HCSG (Healthcare Services Group, Inc.) | SXT (Sensient Technologies Corporation) | |
|---|---|---|
| 1-year return | +47.2% | +19.5% |
| 5-year return | -6.5% | +70.0% |
| Volatility (ann.) | 44.6% | 34.2% |
| Beta vs S&P 500 | 0.90 | 0.65 |
| Max drawdown (3Y) | -27.4% | -30.7% |
| Market cap | $1.6B | $5.7B |
| P/E (trailing) | 13.4 | 36.9 |
| Dividend yield | 0.00% | 1.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCSG | SXT |
|---|---|---|
| 2022 | -28.7% | -25.6% |
| 2023 | -13.6% | -7.2% |
| 2024 | +12.1% | +10.5% |
| 2025 | +64.5% | +34.2% |
| 2026 | +20.0% | +43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCSG and SXT good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HCSG and SXT?
As of 2026-08-27, the correlation of weekly returns between HCSG and SXT is 0.50 over 3 years, 0.36 over 1 year and 0.43 over 5 years.
Is SXT a good diversifier for HCSG?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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: HCSG correlations · SXT correlations
