HCSG vs UPXI: Correlation
Measured on weekly returns over the past three years, Healthcare Services Group, Inc. (HCSG) and Upexi, Inc. (UPXI) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCSG and UPXI?
Over the past 3 years, HCSG and UPXI moved with a correlation of 0.49, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.08 versus 0.49 over 3 years. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 7919.6 %².
Few assets follow HCSG as closely as UPXI, which ranks #3 of 14 tracked partners. Their recent paths diverged sharply: over the last 12 months HCSG outperformed by 133.1 percentage points (+47.2% for HCSG against -85.9% for UPXI). Note the risk asymmetry: UPXI runs 8.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 UPXI: side by side
| HCSG (Healthcare Services Group, Inc.) | UPXI (Upexi, Inc.) | |
|---|---|---|
| 1-year return | +47.2% | -85.9% |
| 5-year return | -6.5% | -98.9% |
| Volatility (ann.) | 44.6% | 364.4% |
| Beta vs S&P 500 | 0.90 | 5.11 |
| Max drawdown (3Y) | -27.4% | -98.5% |
| Market cap | $1.6B | $0.1B |
| P/E (trailing) | 13.4 | 2.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCSG | UPXI |
|---|---|---|
| 2022 | -28.7% | -25.4% |
| 2023 | -13.6% | -61.3% |
| 2024 | +12.1% | -84.9% |
| 2025 | +64.5% | -52.1% |
| 2026 | +20.0% | -31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCSG and UPXI good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HCSG and UPXI?
The HCSG/UPXI correlation stands at 0.49 on a 3-year window (1 year: -0.08, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is UPXI a good diversifier for HCSG?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 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 · UPXI correlations
