HSIC vs KMT: Correlation
Measured on weekly returns over the past three years, Henry Schein (HSIC) and Kennametal Inc. (KMT) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSIC and KMT?
On 3 years of weekly data the HSIC/KMT correlation comes out at 0.43, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.43 over 3 years. The 5-year figure is 0.44, and annualized covariance runs at 369.4 %².
Within HSIC's tracked universe of 34 assets, KMT comes in at #11 by 3-year correlation. On 12-month performance KMT holds a 12.4-point edge, +30.9% against +43.3%.
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.
HSIC vs KMT: side by side
| HSIC (Henry Schein) | KMT (Kennametal Inc.) | |
|---|---|---|
| 1-year return | +30.9% | +43.3% |
| 5-year return | +20.1% | -6.6% |
| Volatility (ann.) | 25.2% | 33.9% |
| Beta vs S&P 500 | 0.33 | 0.73 |
| Max drawdown (3Y) | -24.3% | -42.9% |
| Market cap | $10.1B | $2.3B |
| P/E (trailing) | 26.3 | 6.8 |
| Dividend yield | 0.00% | 2.67% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | HSIC | KMT |
|---|---|---|
| 2022 | +3.0% | -31.0% |
| 2023 | -5.2% | +10.5% |
| 2024 | -8.6% | -3.9% |
| 2025 | +9.2% | +22.6% |
| 2026 | +19.4% | +8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSIC and KMT good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HSIC and KMT?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.54 over the last year and 0.44 over 5 years.
Is KMT a good diversifier for HSIC?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hsic-vs-kmt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hsic-vs-kmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HSIC correlations · KMT correlations
