HSY vs SVCO: Correlation
How closely do Hershey Company (The) (HSY) and Silvaco Group, Inc. (SVCO) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSY and SVCO?
On 3 years of weekly data the HSY/SVCO correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.38) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -611.5 %².
Among the 30 assets we track against HSY, SVCO sits near the bottom by co-movement, at rank #30. Correlation aside, the last 12 months split them widely, with SVCO ahead by 44.4 points (+2.8% versus +47.2%). One caveat on sizing: SVCO is 3.1 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.
HSY vs SVCO: side by side
| HSY (Hershey Company (The)) | SVCO (Silvaco Group, Inc.) | |
|---|---|---|
| 1-year return | +2.8% | +47.2% |
| 5-year return | +16.5% | n/a |
| Volatility (ann.) | 25.6% | 80.2% |
| Beta vs S&P 500 | 0.03 | 1.47 |
| Max drawdown (3Y) | -31.2% | -83.8% |
| Market cap | $36.4B | $0.2B |
| P/E (trailing) | 25.3 | – |
| Dividend yield | 3.05% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | HSY | SVCO |
|---|---|---|
| 2022 | +21.9% | – |
| 2023 | -17.9% | – |
| 2024 | -6.5% | – |
| 2025 | +11.0% | -49.9% |
| 2026 | +1.9% | +78.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSY and SVCO good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HSY and SVCO?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.38 over the last year and n/a over 5 years.
Is SVCO a good diversifier for HSY?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: HSY correlations · SVCO correlations
