ALGT vs DVA: Correlation
Measured on weekly returns over the past three years, Allegiant Travel Company (ALGT) and DaVita (DVA) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALGT and DVA?
Over the past 3 years, ALGT and DVA moved with a correlation of 0.38, which is moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 906.1 %².
Within ALGT's tracked universe of 15 assets, DVA comes in at #10 by 3-year correlation. Twelve-month performance is nearly a tie, at +28.5% for ALGT and +30.0% for DVA.
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.
ALGT vs DVA: side by side
| ALGT (Allegiant Travel Company) | DVA (DaVita) | |
|---|---|---|
| 1-year return | +28.5% | +30.0% |
| 5-year return | -55.9% | +36.4% |
| Volatility (ann.) | 58.0% | 40.9% |
| Beta vs S&P 500 | 1.36 | 0.38 |
| Max drawdown (3Y) | -61.2% | -41.4% |
| Market cap | $2.2B | $11.4B |
| P/E (trailing) | 71.7 | 15.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | ALGT | DVA |
|---|---|---|
| 2022 | -63.6% | -34.4% |
| 2023 | +23.4% | +40.3% |
| 2024 | +16.0% | +42.8% |
| 2025 | -9.4% | -24.0% |
| 2026 | -5.8% | +57.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGT and DVA good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALGT and DVA?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.46 over the last year and 0.33 over 5 years.
Is DVA a good diversifier for ALGT?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/algt-vs-dva.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/algt-vs-dva/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALGT correlations · DVA correlations
