HSIC vs TWI: Correlation
How closely do Henry Schein (HSIC) and Titan International, Inc. (DE) (TWI) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSIC and TWI?
On 3 years of weekly data the HSIC/TWI correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.49 over 3. The 5-year figure is 0.44, and annualized covariance runs at 597.0 %².
In HSIC's tracked universe of 34 assets, TWI sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months HSIC outperformed by 53.8 percentage points (+30.9% for HSIC against -22.9% for TWI). Risk is not evenly split, since TWI carries 1.9 times the volatility of the other side.
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 TWI: side by side
| HSIC (Henry Schein) | TWI (Titan International, Inc. (DE)) | |
|---|---|---|
| 1-year return | +30.9% | -22.9% |
| 5-year return | +20.1% | -16.4% |
| Volatility (ann.) | 25.2% | 48.0% |
| Beta vs S&P 500 | 0.33 | 1.38 |
| Max drawdown (3Y) | -24.3% | -58.5% |
| Market cap | $10.1B | $0.5B |
| P/E (trailing) | 26.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | HSIC | TWI |
|---|---|---|
| 2022 | +3.0% | +39.8% |
| 2023 | -5.2% | -2.9% |
| 2024 | -8.6% | -54.4% |
| 2025 | +9.2% | +15.3% |
| 2026 | +19.4% | -10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSIC and TWI good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HSIC and TWI?
The HSIC/TWI correlation stands at 0.49 on a 3-year window (1 year: 0.42, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is TWI a good diversifier for HSIC?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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-twi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hsic-vs-twi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HSIC correlations · TWI correlations
