DCH vs IDXX: Correlation
How closely do Dauch Corporation (DCH) and Idexx Laboratories (IDXX) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCH and IDXX?
Over the past 3 years, DCH and IDXX moved with a correlation of 0.49, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.49 over 3. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 735.1 %².
Among the 16 assets we track against DCH, IDXX ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DCH outperformed by 20.1 percentage points (+5.2% for DCH against -14.9% for IDXX). Note the risk asymmetry: DCH runs 1.6 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.
DCH vs IDXX: side by side
| DCH (Dauch Corporation) | IDXX (Idexx Laboratories) | |
|---|---|---|
| 1-year return | +5.2% | -14.9% |
| 5-year return | -28.5% | -20.7% |
| Volatility (ann.) | 48.5% | 30.9% |
| Beta vs S&P 500 | 1.58 | 1.01 |
| Max drawdown (3Y) | -65.3% | -37.4% |
| Market cap | $1.5B | $42.9B |
| P/E (trailing) | – | 38.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | DCH | IDXX |
|---|---|---|
| 2022 | -16.2% | -38.0% |
| 2023 | +12.7% | +36.1% |
| 2024 | -33.8% | -25.5% |
| 2025 | +9.9% | +63.6% |
| 2026 | -1.4% | -19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCH and IDXX good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DCH and IDXX?
The DCH/IDXX correlation stands at 0.49 on a 3-year window (1 year: 0.41, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is IDXX a good diversifier for DCH?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 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/dch-vs-idxx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dch-vs-idxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DCH correlations · IDXX correlations
