HSIC vs NHTC: Correlation
Henry Schein (HSIC) and Natural Health Trends Corp. (NHTC) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSIC and NHTC?
On 3 years of weekly data the HSIC/NHTC correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is 0.03, and annualized covariance runs at -207.6 %².
Out of 34 assets tracked against HSIC, NHTC lands near the bottom at #31. Their recent paths diverged sharply: over the last 12 months HSIC outperformed by 87.1 percentage points (+30.9% for HSIC against -56.2% for NHTC). Note the risk asymmetry: NHTC 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.
HSIC vs NHTC: side by side
| HSIC (Henry Schein) | NHTC (Natural Health Trends Corp.) | |
|---|---|---|
| 1-year return | +30.9% | -56.2% |
| 5-year return | +20.1% | -50.8% |
| Volatility (ann.) | 25.2% | 40.5% |
| Beta vs S&P 500 | 0.33 | 0.59 |
| Max drawdown (3Y) | -24.3% | -71.7% |
| Market cap | $10.1B | – |
| P/E (trailing) | 26.3 | – |
| Dividend yield | 0.00% | 35.09% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | HSIC | NHTC |
|---|---|---|
| 2022 | +3.0% | -42.1% |
| 2023 | -5.2% | +96.2% |
| 2024 | -8.6% | -11.5% |
| 2025 | +9.2% | -20.5% |
| 2026 | +19.4% | -41.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSIC and NHTC good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between HSIC and NHTC?
The HSIC/NHTC correlation stands at -0.20 on a 3-year window (1 year: -0.29, 5 years: 0.03), computed from weekly returns as of 2026-08-27.
Is NHTC a good diversifier for HSIC?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 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/hsic-vs-nhtc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hsic-vs-nhtc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HSIC correlations · NHTC correlations
