DCGO vs NTAP: Correlation
Measured on weekly returns over the past three years, DocGo Inc. (DCGO) and NetApp (NTAP) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCGO and NTAP?
Over the past 3 years, DCGO and NTAP moved with a correlation of 0.37, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.48 versus 0.37 over 3 years. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 978.7 %².
Within DCGO's tracked universe of 10 assets, NTAP comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NTAP ahead by 147.4 points (-74.4% versus +73.0%). Note the risk asymmetry: DCGO runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DCGO vs NTAP: side by side
| DCGO (DocGo Inc.) | NTAP (NetApp) | |
|---|---|---|
| 1-year return | -74.4% | +73.0% |
| 5-year return | -95.8% | +141.7% |
| Volatility (ann.) | 69.8% | 37.6% |
| Beta vs S&P 500 | 1.31 | 1.38 |
| Max drawdown (3Y) | -95.7% | -42.6% |
| Market cap | – | $37.4B |
| P/E (trailing) | – | 30.5 |
| Dividend yield | 0.00% | 1.07% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | DCGO | NTAP |
|---|---|---|
| 2022 | -24.4% | -32.9% |
| 2023 | -20.9% | +51.1% |
| 2024 | -24.2% | +34.2% |
| 2025 | -79.3% | -5.9% |
| 2026 | -52.8% | +80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCGO and NTAP good diversifiers for each other?
Reasonably. At 0.37, DCGO and NTAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DCGO and NTAP?
As of 2026-08-27, the correlation of weekly returns between DCGO and NTAP is 0.37 over 3 years, 0.48 over 1 year and 0.31 over 5 years.
Is NTAP a good diversifier for DCGO?
Reasonably. At 0.37, DCGO and NTAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dcgo-vs-ntap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dcgo-vs-ntap/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DCGO correlations · NTAP correlations
