DHR vs GITS: Correlation
Measured on weekly returns over the past three years, Danaher Corporation (DHR) and Global Interactive Technologies, Inc. (GITS) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHR and GITS?
Across a 3-year window, the weekly returns of DHR and GITS correlate at -0.16, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.10) runs above the 3-year figure (-0.16). Stretching to 5 years gives n/a, with an annualized covariance of -6580.4 %².
Within DHR's tracked universe of 49 assets, GITS comes in at #40 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DHR outperformed by 28.1 percentage points (+6.0% for DHR against -22.1% for GITS). One caveat on sizing: GITS is 45.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DHR vs GITS: side by side
| DHR (Danaher Corporation) | GITS (Global Interactive Technologies, Inc.) | |
|---|---|---|
| 1-year return | +6.0% | -22.1% |
| 5-year return | -23.8% | n/a |
| Volatility (ann.) | 29.5% | 1352.0% |
| Beta vs S&P 500 | 0.82 | -3.91 |
| Max drawdown (3Y) | -41.7% | -98.4% |
| Market cap | $151.6B | – |
| P/E (trailing) | 38.4 | – |
| Dividend yield | 0.67% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DHR | GITS |
|---|---|---|
| 2022 | -19.0% | – |
| 2023 | -1.2% | – |
| 2024 | -0.3% | -69.5% |
| 2025 | +0.4% | +186.6% |
| 2026 | -5.4% | +154.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHR and GITS good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between DHR and GITS?
The DHR/GITS correlation stands at -0.16 on a 3-year window (1 year: 0.10, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GITS a good diversifier for DHR?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 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
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Related comparisons
Hubs: DHR correlations · GITS correlations
