HEI vs VSEC: Correlation
How closely do Heico Corporation (HEI) and VSE Corporation (VSEC) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HEI and VSEC?
Over the past 3 years, HEI and VSEC moved with a correlation of 0.59, which is moderate. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 727.3 %².
VSEC is one of the assets that tracks HEI most closely: it ranks #1 out of the 12 assets we track against HEI. The last year tells two different stories: VSEC led by 27.7 percentage points, +6.5% for HEI against +34.2% for VSEC. Note the risk asymmetry: VSEC runs 1.6 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.
HEI vs VSEC: side by side
| HEI (Heico Corporation) | VSEC (VSE Corporation) | |
|---|---|---|
| 1-year return | +6.5% | +34.2% |
| 5-year return | +169.4% | +365.5% |
| Volatility (ann.) | 27.5% | 44.9% |
| Beta vs S&P 500 | 0.85 | 1.52 |
| Max drawdown (3Y) | -27.1% | -30.3% |
| Market cap | – | $6.2B |
| P/E (trailing) | 57.8 | 72.5 |
| Dividend yield | 0.00% | 0.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HEI | VSEC |
|---|---|---|
| 2022 | +6.7% | -22.4% |
| 2023 | +16.6% | +38.9% |
| 2024 | +33.1% | +47.9% |
| 2025 | +36.2% | +82.3% |
| 2026 | +4.2% | +28.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HEI and VSEC good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HEI and VSEC?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.69 over the last year and 0.53 over 5 years.
Is VSEC a good diversifier for HEI?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
A reading of 0.59 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/hei-vs-vsec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hei-vs-vsec/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HEI correlations · VSEC correlations
