HSIC vs SWK: Correlation
Measured on weekly returns over the past three years, Henry Schein (HSIC) and Stanley Black & Decker (SWK) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSIC and SWK?
On 3 years of weekly data the HSIC/SWK correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.43 over 3. The 5-year figure is 0.42, and annualized covariance runs at 378.9 %².
Among the 34 assets we track against HSIC, SWK ranks #12 by 3-year correlation. The trailing year gives SWK the advantage: +30.9% versus +37.0%, a 6.1-point spread. On a rolling one-year basis the correlation drifted between 0.13 and 0.59, a moderate band.
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 SWK: side by side
| HSIC (Henry Schein) | SWK (Stanley Black & Decker) | |
|---|---|---|
| 1-year return | +30.9% | +37.0% |
| 5-year return | +20.1% | -39.1% |
| Volatility (ann.) | 25.2% | 35.4% |
| Beta vs S&P 500 | 0.33 | 1.19 |
| Max drawdown (3Y) | -24.3% | -48.3% |
| Market cap | $10.1B | $15.0B |
| P/E (trailing) | 26.3 | 24.4 |
| Dividend yield | 0.00% | 3.33% |
| Sector / category | Health Care | Industrials |
Year-by-year returns
| Year | HSIC | SWK |
|---|---|---|
| 2022 | +3.0% | -58.9% |
| 2023 | -5.2% | +35.6% |
| 2024 | -8.6% | -15.2% |
| 2025 | +9.2% | -3.2% |
| 2026 | +19.4% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSIC and SWK good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HSIC and SWK?
The HSIC/SWK correlation stands at 0.43 on a 3-year window (1 year: 0.42, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is SWK a good diversifier for HSIC?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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 · SWK correlations
