HSCS vs SBC: Correlation
HeartSciences Inc. (HSCS) and SBC Medical Group Holdings Incorporated (SBC) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSCS and SBC?
On 3 years of weekly data the HSCS/SBC correlation comes out at 0.35, moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.35). The 5-year figure is 0.18, and annualized covariance runs at 2928.0 %².
In HSCS's tracked universe of 10 assets, SBC sits right near the top at #2. The trailing year gives SBC the advantage: -7.7% versus -1.7%, a 6.0-point spread.
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.
HSCS vs SBC: side by side
| HSCS (HeartSciences Inc.) | SBC (SBC Medical Group Holdings Incorporated) | |
|---|---|---|
| 1-year return | -7.7% | -1.7% |
| 5-year return | -98.7% | n/a |
| Volatility (ann.) | 104.0% | 81.1% |
| Beta vs S&P 500 | 0.88 | 0.56 |
| Max drawdown (3Y) | -98.0% | -82.1% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 8.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HSCS | SBC |
|---|---|---|
| 2023 | -79.6% | +5.6% |
| 2024 | -77.7% | -48.4% |
| 2025 | -19.1% | -22.5% |
| 2026 | +1.0% | -4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSCS and SBC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HSCS and SBC?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.23 over the last year and 0.18 over 5 years.
Is SBC a good diversifier for HSCS?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/hscs-vs-sbc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hscs-vs-sbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HSCS correlations · SBC correlations
