CHAI vs DGX: Correlation
Measured on weekly returns over the past three years, Core AI Holdings, Inc. (CHAI) and Quest Diagnostics (DGX) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHAI and DGX?
Across a 3-year window, the weekly returns of CHAI and DGX correlate at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. Stretching to 5 years gives -0.08, with an annualized covariance of -556.3 %².
Among the 11 assets we track against CHAI, DGX sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months DGX outperformed by 136.4 percentage points (-97.9% for CHAI against +38.5% for DGX). Note the risk asymmetry: CHAI runs 8.1 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.
CHAI vs DGX: side by side
| CHAI (Core AI Holdings, Inc.) | DGX (Quest Diagnostics) | |
|---|---|---|
| 1-year return | -97.9% | +38.5% |
| 5-year return | -100.0% | +78.8% |
| Volatility (ann.) | 153.8% | 19.1% |
| Beta vs S&P 500 | 0.95 | 0.09 |
| Max drawdown (3Y) | -100.0% | -12.4% |
| Market cap | – | $27.0B |
| P/E (trailing) | – | 26.0 |
| Dividend yield | 0.00% | 1.36% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CHAI | DGX |
|---|---|---|
| 2022 | -95.9% | -7.8% |
| 2023 | -96.1% | -10.1% |
| 2024 | -99.2% | +11.8% |
| 2025 | -93.3% | +17.2% |
| 2026 | -84.4% | +42.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHAI and DGX good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between CHAI and DGX?
The CHAI/DGX correlation stands at -0.19 on a 3-year window (1 year: -0.17, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is DGX a good diversifier for CHAI?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 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.
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Related comparisons
Hubs: CHAI correlations · DGX correlations
