BTBD vs DVA: Correlation
BT Brands, Inc. (BTBD) and DaVita (DVA) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTBD and DVA?
Over the past 3 years, BTBD and DVA moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -865.3 %².
Among the 12 assets we track against BTBD, DVA sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with DVA ahead by 52.5 points (-22.5% versus +30.0%). Note the risk asymmetry: BTBD runs 2.0 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.
BTBD vs DVA: side by side
| BTBD (BT Brands, Inc.) | DVA (DaVita) | |
|---|---|---|
| 1-year return | -22.5% | +30.0% |
| 5-year return | -67.8% | +36.4% |
| Volatility (ann.) | 82.0% | 40.9% |
| Beta vs S&P 500 | 0.39 | 0.38 |
| Max drawdown (3Y) | -65.7% | -41.4% |
| Market cap | – | $11.4B |
| P/E (trailing) | – | 15.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BTBD | DVA |
|---|---|---|
| 2022 | -38.1% | -34.4% |
| 2023 | +36.8% | +40.3% |
| 2024 | -42.4% | +42.8% |
| 2025 | -3.5% | -24.0% |
| 2026 | +2.1% | +57.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTBD and DVA good diversifiers for each other?
Yes. With a correlation of -0.26, BTBD and DVA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BTBD and DVA?
As of 2026-08-27, the correlation of weekly returns between BTBD and DVA is -0.26 over 3 years, -0.31 over 1 year and -0.22 over 5 years.
Is DVA a good diversifier for BTBD?
Yes. With a correlation of -0.26, BTBD and DVA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/btbd-vs-dva.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/btbd-vs-dva/)
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Related comparisons
Hubs: BTBD correlations · DVA correlations
