DHR vs RGEN: Correlation
Measured on weekly returns over the past three years, Danaher Corporation (DHR) and Repligen Corporation (RGEN) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHR and RGEN?
On 3 years of weekly data the DHR/RGEN correlation comes out at 0.74, strong. The relationship has been stable: the 1-year correlation (0.82) sits close to the 3-year figure. The 5-year figure is 0.74, and annualized covariance runs at 1080.2 %².
Few assets follow DHR as closely as RGEN, which ranks #2 of 49 tracked partners. Their recent paths diverged sharply: over the last 12 months RGEN outperformed by 47.1 percentage points (+6.0% for DHR against +53.1% for RGEN). One caveat on sizing: RGEN is 1.7 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 RGEN: side by side
| DHR (Danaher Corporation) | RGEN (Repligen Corporation) | |
|---|---|---|
| 1-year return | +6.0% | +53.1% |
| 5-year return | -23.8% | -35.6% |
| Volatility (ann.) | 29.5% | 49.5% |
| Beta vs S&P 500 | 0.82 | 1.35 |
| Max drawdown (3Y) | -41.7% | -50.6% |
| Market cap | $151.6B | $10.3B |
| P/E (trailing) | 38.4 | 252.8 |
| Dividend yield | 0.67% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DHR | RGEN |
|---|---|---|
| 2022 | -19.0% | -36.1% |
| 2023 | -1.2% | +6.2% |
| 2024 | -0.3% | -19.9% |
| 2025 | +0.4% | +13.8% |
| 2026 | -5.4% | +11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHR and RGEN good diversifiers for each other?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DHR and RGEN?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.82 over the last year and 0.74 over 5 years.
Is RGEN a good diversifier for DHR?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 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-rgen.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dhr-vs-rgen/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DHR correlations · RGEN correlations
