CYRX vs DHR: Correlation
CryoPort, Inc. (CYRX) and Danaher Corporation (DHR) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYRX and DHR?
On 3 years of weekly data the CYRX/DHR correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.43 over 3. The 5-year figure is 0.50, and annualized covariance runs at 790.8 %².
Within CYRX's tracked universe of 14 assets, DHR comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CYRX ahead by 82.9 points (+88.9% versus +6.0%). Risk is not evenly split, since CYRX carries 2.1 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.
CYRX vs DHR: side by side
| CYRX (CryoPort, Inc.) | DHR (Danaher Corporation) | |
|---|---|---|
| 1-year return | +88.9% | +6.0% |
| 5-year return | -73.7% | -23.8% |
| Volatility (ann.) | 62.3% | 29.5% |
| Beta vs S&P 500 | 1.44 | 0.82 |
| Max drawdown (3Y) | -75.0% | -41.7% |
| Market cap | $0.8B | $151.6B |
| P/E (trailing) | – | 38.4 |
| Dividend yield | 0.00% | 0.67% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CYRX | DHR |
|---|---|---|
| 2022 | -70.7% | -19.0% |
| 2023 | -10.7% | -1.2% |
| 2024 | -49.8% | -0.3% |
| 2025 | +23.4% | +0.4% |
| 2026 | +72.6% | -5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYRX and DHR good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CYRX and DHR?
As of 2026-08-27, the correlation of weekly returns between CYRX and DHR is 0.43 over 3 years, 0.44 over 1 year and 0.50 over 5 years.
Is DHR a good diversifier for CYRX?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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.
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Related comparisons
Hubs: CYRX correlations · DHR correlations
