DHR vs PFE: Correlation
Measured on weekly returns over the past three years, Danaher Corporation (DHR) and Pfizer (PFE) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHR and PFE?
Across a 3-year window, the weekly returns of DHR and PFE correlate at 0.50, moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.50 over 3. Stretching to 5 years gives 0.45, with an annualized covariance of 353.4 %².
Among the 49 assets we track against DHR, PFE ranks #23 by 3-year correlation. On 12-month performance PFE holds a 13.6-point edge, +6.0% against +19.6%. On a rolling one-year basis the correlation drifted between 0.22 and 0.71, a moderate band.
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 PFE: side by side
| DHR (Danaher Corporation) | PFE (Pfizer) | |
|---|---|---|
| 1-year return | +6.0% | +19.6% |
| 5-year return | -23.8% | -21.9% |
| Volatility (ann.) | 29.5% | 23.8% |
| Beta vs S&P 500 | 0.82 | 0.40 |
| Max drawdown (3Y) | -41.7% | -34.8% |
| Market cap | $151.6B | $159.7B |
| P/E (trailing) | 38.4 | 37.4 |
| Dividend yield | 0.67% | 6.08% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | DHR | PFE |
|---|---|---|
| 2022 | -19.0% | -10.4% |
| 2023 | -1.2% | -41.3% |
| 2024 | -0.3% | -2.2% |
| 2025 | +0.4% | +0.6% |
| 2026 | -5.4% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHR and PFE good diversifiers for each other?
Only partially. A correlation of 0.50 means DHR and PFE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DHR and PFE?
The DHR/PFE correlation stands at 0.50 on a 3-year window (1 year: 0.59, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is PFE a good diversifier for DHR?
Only partially. A correlation of 0.50 means DHR and PFE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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.
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Related comparisons
Hubs: DHR correlations · PFE correlations
