DHR vs MRVI: Correlation
Danaher Corporation (DHR) and Maravai LifeSciences Holdings, Inc. (MRVI) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHR and MRVI?
Over the past 3 years, DHR and MRVI moved with a correlation of 0.45, which is moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.45 over 3. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 1145.4 %².
Within DHR's tracked universe of 49 assets, MRVI comes in at #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MRVI ahead by 253.2 points (+6.0% versus +259.2%). Risk is not evenly split, since MRVI carries 2.9 times the volatility of the other side.
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 MRVI: side by side
| DHR (Danaher Corporation) | MRVI (Maravai LifeSciences Holdings, Inc.) | |
|---|---|---|
| 1-year return | +6.0% | +259.2% |
| 5-year return | -23.8% | -86.0% |
| Volatility (ann.) | 29.5% | 85.9% |
| Beta vs S&P 500 | 0.82 | 1.35 |
| Max drawdown (3Y) | -41.7% | -84.8% |
| Market cap | $151.6B | $3.1B |
| P/E (trailing) | 38.4 | – |
| Dividend yield | 0.67% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DHR | MRVI |
|---|---|---|
| 2022 | -19.0% | -65.8% |
| 2023 | -1.2% | -54.2% |
| 2024 | -0.3% | -16.8% |
| 2025 | +0.4% | -40.4% |
| 2026 | -5.4% | +157.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHR and MRVI good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DHR and MRVI?
The DHR/MRVI correlation stands at 0.45 on a 3-year window (1 year: 0.47, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is MRVI a good diversifier for DHR?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dhr-vs-mrvi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dhr-vs-mrvi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DHR correlations · MRVI correlations
