COO vs DHR: Correlation
Cooper Companies (The) (COO) and Danaher Corporation (DHR) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COO and DHR?
On 3 years of weekly data the COO/DHR correlation comes out at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 410.4 %².
Among the 38 assets we track against COO, DHR ranks #17 by 3-year correlation. On 12-month performance DHR holds a 10.3-point edge, -4.3% against +6.0%. Across three years, the rolling one-year figure varied moderately, from 0.35 to 0.61.
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.
COO vs DHR: side by side
| COO (Cooper Companies (The)) | DHR (Danaher Corporation) | |
|---|---|---|
| 1-year return | -4.3% | +6.0% |
| 5-year return | -36.8% | -23.8% |
| Volatility (ann.) | 27.7% | 29.5% |
| Beta vs S&P 500 | 0.69 | 0.82 |
| Max drawdown (3Y) | -47.0% | -41.7% |
| Market cap | – | $151.6B |
| P/E (trailing) | 61.7 | 38.4 |
| Dividend yield | 0.00% | 0.67% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | COO | DHR |
|---|---|---|
| 2022 | -21.1% | -19.0% |
| 2023 | +14.5% | -1.2% |
| 2024 | -2.8% | -0.3% |
| 2025 | -10.8% | +0.4% |
| 2026 | -13.4% | -5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COO and DHR good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between COO and DHR?
As of 2026-08-27, the correlation of weekly returns between COO and DHR is 0.50 over 3 years, 0.58 over 1 year and 0.53 over 5 years.
Is DHR a good diversifier for COO?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
A reading of 0.50 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: COO correlations · DHR correlations
