CLFD vs DVA: Correlation
Measured on weekly returns over the past three years, Clearfield, Inc. (CLFD) and DaVita (DVA) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLFD and DVA?
Across a 3-year window, the weekly returns of CLFD and DVA correlate at 0.40, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.40 over 3. Stretching to 5 years gives 0.20, with an annualized covariance of 794.3 %².
Within CLFD's tracked universe of 12 assets, DVA comes in at #6 by 3-year correlation. The last year tells two different stories: DVA led by 38.5 percentage points, -8.5% for CLFD 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.
CLFD vs DVA: side by side
| CLFD (Clearfield, Inc.) | DVA (DaVita) | |
|---|---|---|
| 1-year return | -8.5% | +30.0% |
| 5-year return | -35.2% | +36.4% |
| Volatility (ann.) | 49.0% | 40.9% |
| Beta vs S&P 500 | 1.34 | 0.38 |
| Max drawdown (3Y) | -48.0% | -41.4% |
| Market cap | $0.4B | $11.4B |
| P/E (trailing) | 103.3 | 15.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CLFD | DVA |
|---|---|---|
| 2022 | +11.5% | -34.4% |
| 2023 | -69.1% | +40.3% |
| 2024 | +6.6% | +42.8% |
| 2025 | -6.0% | -24.0% |
| 2026 | +2.8% | +57.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLFD and DVA good diversifiers for each other?
Reasonably. At 0.40, CLFD and DVA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLFD and DVA?
As of 2026-08-27, the correlation of weekly returns between CLFD and DVA is 0.40 over 3 years, 0.49 over 1 year and 0.20 over 5 years.
Is DVA a good diversifier for CLFD?
Reasonably. At 0.40, CLFD and DVA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/clfd-vs-dva.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clfd-vs-dva/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLFD correlations · DVA correlations
