HSIC vs SRTS: Correlation
Measured on weekly returns over the past three years, Henry Schein (HSIC) and Sensus Healthcare, Inc. (SRTS) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSIC and SRTS?
Across a 3-year window, the weekly returns of HSIC and SRTS correlate at 0.36, moderate. The past 12 months show a tighter link (0.48) than the 3-year average (0.36). Stretching to 5 years gives 0.28, with an annualized covariance of 673.5 %².
Within HSIC's tracked universe of 34 assets, SRTS comes in at #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HSIC outperformed by 24.9 percentage points (+30.9% for HSIC against +6.0% for SRTS). One caveat on sizing: SRTS is 2.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SRTS: side by side
| HSIC (Henry Schein) | SRTS (Sensus Healthcare, Inc.) | |
|---|---|---|
| 1-year return | +30.9% | +6.0% |
| 5-year return | +20.1% | -7.4% |
| Volatility (ann.) | 25.2% | 74.0% |
| Beta vs S&P 500 | 0.33 | 0.77 |
| Max drawdown (3Y) | -24.3% | -70.1% |
| Market cap | $10.1B | $0.1B |
| P/E (trailing) | 26.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | HSIC | SRTS |
|---|---|---|
| 2022 | +3.0% | +2.8% |
| 2023 | -5.2% | -68.2% |
| 2024 | -8.6% | +193.2% |
| 2025 | +9.2% | -42.5% |
| 2026 | +19.4% | -15.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSIC and SRTS good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HSIC and SRTS?
As of 2026-08-27, the correlation of weekly returns between HSIC and SRTS is 0.36 over 3 years, 0.48 over 1 year and 0.28 over 5 years.
Is SRTS a good diversifier for HSIC?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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-srts.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hsic-vs-srts/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HSIC correlations · SRTS correlations
