BLFS vs DHR: Correlation
How closely do BioLife Solutions, Inc. (BLFS) and Danaher Corporation (DHR) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLFS and DHR?
On 3 years of weekly data the BLFS/DHR correlation comes out at 0.61, strong. Recent behaviour matches the longer record: 0.62 over 1 year against 0.61 over 3. The 5-year figure is 0.57, and annualized covariance runs at 895.1 %².
Few assets follow BLFS as closely as DHR, which ranks #2 of 15 tracked partners. The last year tells two different stories: BLFS led by 40.3 percentage points, +46.3% for BLFS against +6.0% for DHR. Note the risk asymmetry: BLFS runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BLFS vs DHR: side by side
| BLFS (BioLife Solutions, Inc.) | DHR (Danaher Corporation) | |
|---|---|---|
| 1-year return | +46.3% | +6.0% |
| 5-year return | -36.2% | -23.8% |
| Volatility (ann.) | 50.1% | 29.5% |
| Beta vs S&P 500 | 1.66 | 0.82 |
| Max drawdown (3Y) | -37.0% | -41.7% |
| Market cap | $1.8B | $151.6B |
| P/E (trailing) | 37.2 | 38.4 |
| Dividend yield | 0.00% | 0.67% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BLFS | DHR |
|---|---|---|
| 2022 | -51.2% | -19.0% |
| 2023 | -10.7% | -1.2% |
| 2024 | +59.8% | -0.3% |
| 2025 | -6.9% | +0.4% |
| 2026 | +53.8% | -5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLFS and DHR good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BLFS and DHR?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.62 over the last year and 0.57 over 5 years.
Is DHR a good diversifier for BLFS?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
A reading of 0.61 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BLFS correlations · DHR correlations
