HSY vs. HCA
HSY (The Hershey Company) and HCA (HCA Healthcare, Inc.) are both stocks. HSY operates in Confectioners (Consumer Defensive), while HCA operates in Medical Care Facilities (Healthcare). Over the past 10 years, HSY returned 9.11%/yr vs 18.27%/yr for HCA. At a 0.23 correlation, their price movements are largely independent.
Performance
HSY vs. HCA - Performance Comparison
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Returns By Period
In the year-to-date period, HSY achieves a 1.25% return, which is significantly higher than HCA's -16.94% return. Over the past 10 years, HSY has underperformed HCA with an annualized return of 9.11%, while HCA has yielded a comparatively higher 18.27% annualized return.
HSY
- 1D
- 0.45%
- 1M
- -6.45%
- YTD
- 1.25%
- 6M
- 1.34%
- 1Y
- 8.70%
- 3Y*
- -8.39%
- 5Y*
- 3.29%
- 10Y*
- 9.11%
HCA
- 1D
- 2.29%
- 1M
- -9.44%
- YTD
- -16.94%
- 6M
- -19.89%
- 1Y
- 4.87%
- 3Y*
- 12.30%
- 5Y*
- 13.79%
- 10Y*
- 18.27%
HSY vs. HCA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSY The Hershey Company | 1.25% | 10.98% | -6.51% | -17.88% | 21.86% | 29.58% | 5.90% | 40.20% | -2.92% | 12.33% |
HCA HCA Healthcare, Inc. | -16.94% | 56.71% | 11.75% | 13.83% | -5.64% | 57.58% | 12.07% | 20.24% | 43.37% | 18.67% |
Correlation
The correlation between HSY and HCA is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2011 | 0.23 |
Fundamentals
HSY:
$5.38
HCA:
$28.46
HSY:
33.80
HCA:
13.60
HSY:
3.08
HCA:
1.22
HSY:
$11.99B
HCA:
$75.60B
HSY:
$4.17B
HCA:
$31.37B
HSY:
$2.04B
HCA:
$15.60B
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Return for Risk
HSY vs. HCA — Risk / Return Rank
HSY
HCA
HSY vs. HCA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hershey Company (HSY) and HCA Healthcare, Inc. (HCA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HSY | HCA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.06 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 0.15 | +0.20 |
| Martin ratioReturn relative to average drawdown | 0.87 | 0.44 | +0.43 |
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Drawdowns
HSY vs. HCA - Drawdown Comparison
The maximum HSY drawdown since its inception was -49.15%, smaller than the maximum HCA drawdown of -54.74%. Use the drawdown chart below to compare losses from any high point for HSY and HCA.
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Drawdown Indicators
| HSY | HCA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.15% | -54.74% | +5.59% |
Max Drawdown (1Y)Largest decline over 1 year | -25.01% | -33.62% | +8.61% |
Max Drawdown (3Y)Largest decline over 3 years | -42.23% | -33.62% | -8.61% |
Max Drawdown (5Y)Largest decline over 5 years | -45.25% | -39.49% | -5.76% |
Max Drawdown (10Y)Largest decline over 10 years | -45.25% | -54.74% | +9.49% |
Current DrawdownCurrent decline from peak | -28.02% | -28.87% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -13.10% | -11.04% | -2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.00% | 11.15% | -1.15% |
Volatility
HSY vs. HCA - Volatility Comparison
The Hershey Company (HSY) has a higher volatility of 9.48% compared to HCA Healthcare, Inc. (HCA) at 8.97%. This indicates that HSY's price experiences larger fluctuations and is considered to be riskier than HCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSY | HCA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.48% | 8.97% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 20.08% | 21.53% | -1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.49% | 27.33% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.77% | 29.90% | -7.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.44% | 32.63% | -9.19% |
Dividends
HSY vs. HCA - Dividend Comparison
HSY's dividend yield for the trailing twelve months is around 3.11%, more than HCA's 0.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCA HCA Healthcare, Inc. | 0.76% | 0.62% | 0.88% | 0.89% | 0.93% | 0.75% | 0.63% | 1.08% | 1.12% | 0.00% | 0.00% | 0.00% |
HSY The Hershey Company | 3.11% | 3.01% | 3.24% | 2.39% | 1.67% | 1.76% | 2.07% | 2.03% | 2.57% | 2.24% | 2.32% | 2.50% |
Financials
HSY vs. HCA - Financials Comparison
This section allows you to compare key financial metrics between The Hershey Company and HCA Healthcare, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
HSY vs. HCA - Profitability Comparison
HSY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported a gross profit of 1.22B and revenue of 3.10B. Therefore, the gross margin over that period was 39.4%.
HCA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported a gross profit of 8.18B and revenue of 19.51B. Therefore, the gross margin over that period was 41.9%.
HSY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported an operating income of 640.69M and revenue of 3.10B, resulting in an operating margin of 20.6%.
HCA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported an operating income of 3.18B and revenue of 19.51B, resulting in an operating margin of 16.3%.
HSY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported a net income of 435.11M and revenue of 3.10B, resulting in a net margin of 14.0%.
HCA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported a net income of 1.88B and revenue of 19.51B, resulting in a net margin of 9.6%.
Frequently Asked Questions
HSY and HCA have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSY has higher volatility (9.48%) compared to HCA (8.97%). In terms of maximum drawdown, HSY dropped -49.15% vs HCA's -54.74%.
HSY currently has the higher Sharpe Ratio (0.32 vs 0.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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