ALGN vs DVA: Correlation
How closely do Align Technology (ALGN) and DaVita (DVA) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALGN and DVA?
Across a 3-year window, the weekly returns of ALGN and DVA correlate at 0.26, weak. The past 12 months show a weaker link (0.13) than the 3-year average (0.26). Stretching to 5 years gives 0.27, with an annualized covariance of 480.0 %².
By 3-year correlation, DVA places #27 of the 37 assets tracked against ALGN. Their recent paths diverged sharply: over the last 12 months DVA outperformed by 18.1 percentage points (+11.9% for ALGN against +30.0% for DVA). On a rolling one-year basis the correlation drifted between 0.14 and 0.48, a moderate band.
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.
ALGN vs DVA: side by side
| ALGN (Align Technology) | DVA (DaVita) | |
|---|---|---|
| 1-year return | +11.9% | +30.0% |
| 5-year return | -77.4% | +36.4% |
| Volatility (ann.) | 44.3% | 40.9% |
| Beta vs S&P 500 | 1.51 | 0.38 |
| Max drawdown (3Y) | -66.7% | -41.4% |
| Market cap | $11.3B | $11.4B |
| P/E (trailing) | 27.6 | 15.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | ALGN | DVA |
|---|---|---|
| 2022 | -67.9% | -34.4% |
| 2023 | +29.9% | +40.3% |
| 2024 | -23.9% | +42.8% |
| 2025 | -25.1% | -24.0% |
| 2026 | +1.7% | +57.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGN and DVA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALGN and DVA?
As of 2026-08-27, the correlation of weekly returns between ALGN and DVA is 0.26 over 3 years, 0.13 over 1 year and 0.27 over 5 years.
Is DVA a good diversifier for ALGN?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/algn-vs-dva.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/algn-vs-dva/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALGN correlations · DVA correlations
