DHR vs GNPX: Correlation
Danaher Corporation (DHR) and Genprex, Inc. (GNPX) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHR and GNPX?
Across a 3-year window, the weekly returns of DHR and GNPX correlate at -0.16, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.16). Stretching to 5 years gives -0.09, with an annualized covariance of -1191.1 %².
Within DHR's tracked universe of 49 assets, GNPX comes in at #41 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DHR ahead by 104.1 points (+6.0% versus -98.1%). Note the risk asymmetry: GNPX runs 8.6 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.
DHR vs GNPX: side by side
| DHR (Danaher Corporation) | GNPX (Genprex, Inc.) | |
|---|---|---|
| 1-year return | +6.0% | -98.1% |
| 5-year return | -23.8% | -100.0% |
| Volatility (ann.) | 29.5% | 255.0% |
| Beta vs S&P 500 | 0.82 | -0.45 |
| Max drawdown (3Y) | -41.7% | -100.0% |
| Market cap | $151.6B | – |
| P/E (trailing) | 38.4 | 0.1 |
| Dividend yield | 0.67% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DHR | GNPX |
|---|---|---|
| 2022 | -19.0% | +10.7% |
| 2023 | -1.2% | -84.1% |
| 2024 | -0.3% | -90.7% |
| 2025 | +0.4% | -95.9% |
| 2026 | -5.4% | -90.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHR and GNPX 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 GNPX?
The DHR/GNPX correlation stands at -0.16 on a 3-year window (1 year: -0.03, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is GNPX 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?
On the −1 to +1 scale, -0.16 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dhr-vs-gnpx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dhr-vs-gnpx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DHR correlations · GNPX correlations
