DHR vs QGEN: Correlation
Danaher Corporation (DHR) and Qiagen N.V. (QGEN) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHR and QGEN?
Across a 3-year window, the weekly returns of DHR and QGEN correlate at 0.63, strong. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. Stretching to 5 years gives 0.67, with an annualized covariance of 516.7 %².
By 3-year correlation, QGEN places #10 of the 49 assets tracked against DHR. The trailing year gives DHR the advantage: +6.0% versus -8.0%, a 14.0-point spread.
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 QGEN: side by side
| DHR (Danaher Corporation) | QGEN (Qiagen N.V.) | |
|---|---|---|
| 1-year return | +6.0% | -8.0% |
| 5-year return | -23.8% | -20.9% |
| Volatility (ann.) | 29.5% | 27.8% |
| Beta vs S&P 500 | 0.82 | 0.66 |
| Max drawdown (3Y) | -41.7% | -41.4% |
| Market cap | $151.6B | $9.0B |
| P/E (trailing) | 38.4 | 22.2 |
| Dividend yield | 0.67% | 0.84% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DHR | QGEN |
|---|---|---|
| 2022 | -19.0% | -10.3% |
| 2023 | -1.2% | -12.9% |
| 2024 | -0.3% | +2.4% |
| 2025 | +0.4% | +1.5% |
| 2026 | -5.4% | -1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHR and QGEN good diversifiers for each other?
Only partially. A correlation of 0.63 means DHR and QGEN 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 QGEN?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.60 over the last year and 0.67 over 5 years.
Is QGEN a good diversifier for DHR?
Only partially. A correlation of 0.63 means DHR and QGEN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 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/dhr-vs-qgen.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dhr-vs-qgen/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DHR correlations · QGEN correlations
