BALL vs DVA: Correlation
Ball Corporation (BALL) and DaVita (DVA) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BALL and DVA?
On 3 years of weekly data the BALL/DVA correlation comes out at 0.45, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.45 over 3. The 5-year figure is 0.32, and annualized covariance runs at 491.8 %².
By 3-year correlation, DVA places #21 of the 41 assets tracked against BALL. Over the last 12 months DVA came out ahead by 7.1 percentage points (+22.9% against +30.0%). The rolling one-year correlation moved between 0.24 and 0.70 over the past three years, a moderate range. One caveat on sizing: DVA is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BALL vs DVA: side by side
| BALL (Ball Corporation) | DVA (DaVita) | |
|---|---|---|
| 1-year return | +22.9% | +30.0% |
| 5-year return | -29.3% | +36.4% |
| Volatility (ann.) | 26.9% | 40.9% |
| Beta vs S&P 500 | 0.43 | 0.38 |
| Max drawdown (3Y) | -35.6% | -41.4% |
| Market cap | $16.8B | $11.4B |
| P/E (trailing) | 18.4 | 15.3 |
| Dividend yield | 1.25% | 0.00% |
| Sector / category | Materials | Health Care |
Year-by-year returns
| Year | BALL | DVA |
|---|---|---|
| 2022 | -46.2% | -34.4% |
| 2023 | +14.1% | +40.3% |
| 2024 | -3.0% | +42.8% |
| 2025 | -2.4% | -24.0% |
| 2026 | +20.4% | +57.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BALL and DVA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BALL and DVA?
The BALL/DVA correlation stands at 0.45 on a 3-year window (1 year: 0.40, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is DVA a good diversifier for BALL?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ball-vs-dva.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ball-vs-dva/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BALL correlations · DVA correlations
