CTKB vs DHR: Correlation
Measured on weekly returns over the past three years, Cytek Biosciences, Inc. (CTKB) and Danaher Corporation (DHR) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTKB and DHR?
Over the past 3 years, CTKB and DHR moved with a correlation of 0.51, which is moderate. The link has tightened recently: the 1-year correlation (0.63) runs above the 3-year figure (0.51). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 986.4 %².
DHR is one of the assets that tracks CTKB most closely: it ranks #2 out of the 11 assets we track against CTKB. The trailing year gives CTKB the advantage: +13.0% versus +6.0%, a 7.0-point spread. Risk is not evenly split, since CTKB carries 2.2 times the volatility of the other side.
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.
CTKB vs DHR: side by side
| CTKB (Cytek Biosciences, Inc.) | DHR (Danaher Corporation) | |
|---|---|---|
| 1-year return | +13.0% | +6.0% |
| 5-year return | -77.1% | -23.8% |
| Volatility (ann.) | 66.0% | 29.5% |
| Beta vs S&P 500 | 1.34 | 0.82 |
| Max drawdown (3Y) | -74.6% | -41.7% |
| Market cap | $0.6B | $151.6B |
| P/E (trailing) | – | 38.4 |
| Dividend yield | 0.00% | 0.67% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CTKB | DHR |
|---|---|---|
| 2022 | -37.4% | -19.0% |
| 2023 | -10.7% | -1.2% |
| 2024 | -28.8% | -0.3% |
| 2025 | -22.2% | +0.4% |
| 2026 | -8.5% | -5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTKB and DHR good diversifiers for each other?
To a limited degree. At 0.51 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 CTKB and DHR?
The CTKB/DHR correlation stands at 0.51 on a 3-year window (1 year: 0.63, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is DHR a good diversifier for CTKB?
To a limited degree. At 0.51 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 0.51 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: CTKB correlations · DHR correlations
