A vs DHR: Correlation
How closely do Agilent Technologies (A) and Danaher Corporation (DHR) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are A and DHR?
Over the past 3 years, A and DHR moved with a correlation of 0.70, which is strong. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 643.2 %².
Among the 33 assets we track against A, DHR ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months A outperformed by 27.9 percentage points (+33.9% for A against +6.0% for DHR). Across three years, the rolling one-year figure varied moderately, from 0.54 to 0.83.
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.
A vs DHR: side by side
| A (Agilent Technologies) | DHR (Danaher Corporation) | |
|---|---|---|
| 1-year return | +33.9% | +6.0% |
| 5-year return | -7.5% | -23.8% |
| Volatility (ann.) | 31.0% | 29.5% |
| Beta vs S&P 500 | 0.98 | 0.82 |
| Max drawdown (3Y) | -35.3% | -41.7% |
| Market cap | $44.5B | $151.6B |
| P/E (trailing) | 30.6 | 38.4 |
| Dividend yield | 0.00% | 0.67% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | A | DHR |
|---|---|---|
| 2022 | -5.5% | -19.0% |
| 2023 | -6.4% | -1.2% |
| 2024 | -2.7% | -0.3% |
| 2025 | +1.9% | +0.4% |
| 2026 | +16.6% | -5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are A and DHR good diversifiers for each other?
Only partially. A correlation of 0.70 means A and DHR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between A and DHR?
As of 2026-08-27, the correlation of weekly returns between A and DHR is 0.70 over 3 years, 0.72 over 1 year and 0.73 over 5 years.
Is DHR a good diversifier for A?
Only partially. A correlation of 0.70 means A and DHR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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.
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Related comparisons
Hubs: A correlations · DHR correlations
