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HQY correlations (HealthEquity, Inc.)

HQY measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

32.9%

3y weekly

Beta vs S&P 500

0.63

3y weekly

1-year return

+6.1%

price, adjusted

5-year return

+45.4%

price, adjusted

Market cap

$7.7B

latest

P/E ratio

39.1

trailing

Max drawdown

-36.1%

3y, daily closes

HQY over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with HQY

Asset		Correlation (3Y)
WAY	Waystar Holding Corp.	0.46
INTA	Intapp, Inc.	0.43
CCC	CCC Intelligent Solutions Holdings Inc.	0.42
DOMO	Domo, Inc.	0.42
WDAY	Workday, Inc.	0.41

The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from HQY.

Asset		Correlation (3Y)
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.27
AWK	American Water Works	-0.26
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.25

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/hqy.json

Correlations, diversifiers, beta and volatility for HQY, plus one endpoint per pair. API documentation.

ETF		HQY weight
IWM	iShares Russell 2000 ETF	0.28%
MDY	SPDR S&P MidCap 400 ETF	0.24%