CION vs DVA: Correlation
CION Investment Corporation (CION) and DaVita (DVA) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CION and DVA?
Over the past 3 years, CION and DVA moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.25 over 3 years. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -303.9 %².
Among the 22 assets we track against CION, DVA sits near the bottom by co-movement, at rank #19. Their recent paths diverged sharply: over the last 12 months DVA outperformed by 47.7 percentage points (-17.7% for CION against +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.
CION vs DVA: side by side
| CION (CION Investment Corporation) | DVA (DaVita) | |
|---|---|---|
| 1-year return | -17.7% | +30.0% |
| 5-year return | +26.2% | +36.4% |
| Volatility (ann.) | 30.2% | 40.9% |
| Beta vs S&P 500 | 0.86 | 0.38 |
| Max drawdown (3Y) | -40.3% | -41.4% |
| Market cap | $0.4B | $11.4B |
| P/E (trailing) | 123.5 | 15.3 |
| Dividend yield | 17.98% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CION | DVA |
|---|---|---|
| 2022 | -14.8% | -34.4% |
| 2023 | +35.4% | +40.3% |
| 2024 | +14.8% | +42.8% |
| 2025 | -2.3% | -24.0% |
| 2026 | -14.6% | +57.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CION and DVA good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CION and DVA?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.41 over the last year and -0.09 over 5 years.
Is DVA a good diversifier for CION?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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/cion-vs-dva.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cion-vs-dva/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CION correlations · DVA correlations
