HSIC vs MSM: Correlation
How closely do Henry Schein (HSIC) and MSC Industrial Direct Company, Inc. (MSM) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSIC and MSM?
Over the past 3 years, HSIC and MSM moved with a correlation of 0.44, which is moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 278.9 %².
By 3-year correlation, MSM places #8 of the 34 assets tracked against HSIC. Over the last 12 months MSM came out ahead by 7.2 percentage points (+30.9% against +38.1%).
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 MSM: side by side
| HSIC (Henry Schein) | MSM (MSC Industrial Direct Company, Inc.) | |
|---|---|---|
| 1-year return | +30.9% | +38.1% |
| 5-year return | +20.1% | +73.8% |
| Volatility (ann.) | 25.2% | 25.3% |
| Beta vs S&P 500 | 0.33 | 0.78 |
| Max drawdown (3Y) | -24.3% | -29.3% |
| Market cap | $10.1B | – |
| P/E (trailing) | 26.3 | 29.6 |
| Dividend yield | 0.00% | 2.84% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | HSIC | MSM |
|---|---|---|
| 2022 | +3.0% | +0.9% |
| 2023 | -5.2% | +28.5% |
| 2024 | -8.6% | -23.4% |
| 2025 | +9.2% | +17.4% |
| 2026 | +19.4% | +49.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSIC and MSM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HSIC and MSM?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.45 over the last year and 0.45 over 5 years.
Is MSM a good diversifier for HSIC?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hsic-vs-msm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hsic-vs-msm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HSIC correlations · MSM correlations
