HSIC vs NOMD: Correlation
How closely do Henry Schein (HSIC) and Nomad Foods Limited (NOMD) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSIC and NOMD?
Over the past 3 years, HSIC and NOMD moved with a correlation of 0.42, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.42 over 3. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 289.0 %².
Among the 34 assets we track against HSIC, NOMD ranks #15 by 3-year correlation. The last year tells two different stories: HSIC led by 49.1 percentage points, +30.9% for HSIC against -18.2% for NOMD.
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 NOMD: side by side
| HSIC (Henry Schein) | NOMD (Nomad Foods Limited) | |
|---|---|---|
| 1-year return | +30.9% | -18.2% |
| 5-year return | +20.1% | -48.6% |
| Volatility (ann.) | 25.2% | 27.7% |
| Beta vs S&P 500 | 0.33 | 0.16 |
| Max drawdown (3Y) | -24.3% | -52.8% |
| Market cap | $10.1B | – |
| P/E (trailing) | 26.3 | 12.0 |
| Dividend yield | 0.00% | 4.83% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | HSIC | NOMD |
|---|---|---|
| 2022 | +3.0% | -32.1% |
| 2023 | -5.2% | -1.7% |
| 2024 | -8.6% | +2.4% |
| 2025 | +9.2% | -22.1% |
| 2026 | +19.4% | +0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSIC and NOMD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HSIC and NOMD?
The HSIC/NOMD correlation stands at 0.42 on a 3-year window (1 year: 0.38, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is NOMD a good diversifier for HSIC?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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
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[](https://www.pairbook.io/pair/hsic-vs-nomd/)
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Related comparisons
Hubs: HSIC correlations · NOMD correlations
