HSIC vs SGI: Correlation
Henry Schein (HSIC) and Somnigroup International Inc. (SGI) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSIC and SGI?
Over the past 3 years, HSIC and SGI moved with a correlation of 0.42, which is moderate. The link has tightened recently: the 1-year correlation (0.65) runs above the 3-year figure (0.42). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 360.6 %².
By 3-year correlation, SGI places #16 of the 34 assets tracked against HSIC. Correlation aside, the last 12 months split them widely, with HSIC ahead by 56.3 points (+30.9% versus -25.4%).
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 SGI: side by side
| HSIC (Henry Schein) | SGI (Somnigroup International Inc.) | |
|---|---|---|
| 1-year return | +30.9% | -25.4% |
| 5-year return | +20.1% | +44.9% |
| Volatility (ann.) | 25.2% | 33.8% |
| Beta vs S&P 500 | 0.33 | 1.02 |
| Max drawdown (3Y) | -24.3% | -37.1% |
| Market cap | $10.1B | $13.1B |
| P/E (trailing) | 26.3 | 24.8 |
| Dividend yield | 0.00% | 1.02% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | HSIC | SGI |
|---|---|---|
| 2022 | +3.0% | -26.0% |
| 2023 | -5.2% | +50.1% |
| 2024 | -8.6% | +12.3% |
| 2025 | +9.2% | +58.8% |
| 2026 | +19.4% | -29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSIC and SGI good diversifiers for each other?
Reasonably. At 0.42, HSIC and SGI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HSIC and SGI?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.65 over the last year and 0.39 over 5 years.
Is SGI a good diversifier for HSIC?
Reasonably. At 0.42, HSIC and SGI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HSIC correlations · SGI correlations
