DGX vs LSTA: Correlation
Measured on weekly returns over the past three years, Quest Diagnostics (DGX) and Lisata Therapeutics, Inc. (LSTA) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGX and LSTA?
On 3 years of weekly data the DGX/LSTA correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. The 5-year figure is -0.12, and annualized covariance runs at -335.0 %².
By 3-year correlation, LSTA places #24 of the 32 assets tracked against DGX. The last year tells two different stories: DGX led by 65.7 percentage points, +38.5% for DGX against -27.2% for LSTA. Note the risk asymmetry: LSTA runs 4.8 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.
DGX vs LSTA: side by side
| DGX (Quest Diagnostics) | LSTA (Lisata Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +38.5% | -27.2% |
| 5-year return | +78.8% | -90.4% |
| Volatility (ann.) | 19.1% | 91.1% |
| Beta vs S&P 500 | 0.09 | 0.31 |
| Max drawdown (3Y) | -12.4% | -80.4% |
| Market cap | $27.0B | – |
| P/E (trailing) | 26.0 | – |
| Dividend yield | 1.36% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DGX | LSTA |
|---|---|---|
| 2022 | -7.8% | -79.9% |
| 2023 | -10.1% | +7.9% |
| 2024 | +11.8% | +9.2% |
| 2025 | +17.2% | -37.6% |
| 2026 | +42.8% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGX and LSTA good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between DGX and LSTA?
As of 2026-08-27, the correlation of weekly returns between DGX and LSTA is -0.19 over 3 years, -0.26 over 1 year and -0.12 over 5 years.
Is LSTA a good diversifier for DGX?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 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/dgx-vs-lsta.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dgx-vs-lsta/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DGX correlations · LSTA correlations
