DHR vs RVTY: Correlation
Measured on weekly returns over the past three years, Danaher Corporation (DHR) and Revvity (RVTY) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHR and RVTY?
On 3 years of weekly data the DHR/RVTY correlation comes out at 0.63, strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. The 5-year figure is 0.69, and annualized covariance runs at 639.8 %².
Among the 49 assets we track against DHR, RVTY ranks #11 by 3-year correlation. The last year tells two different stories: RVTY led by 40.8 percentage points, +6.0% for DHR against +46.8% for RVTY. On a rolling one-year basis the correlation drifted between 0.41 and 0.80, 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 RVTY: side by side
| DHR (Danaher Corporation) | RVTY (Revvity) | |
|---|---|---|
| 1-year return | +6.0% | +46.8% |
| 5-year return | -23.8% | -30.2% |
| Volatility (ann.) | 29.5% | 34.2% |
| Beta vs S&P 500 | 0.82 | 0.81 |
| Max drawdown (3Y) | -41.7% | -35.3% |
| Market cap | $151.6B | $14.5B |
| P/E (trailing) | 38.4 | 62.4 |
| Dividend yield | 0.67% | 0.22% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | DHR | RVTY |
|---|---|---|
| 2022 | -19.0% | -30.1% |
| 2023 | -1.2% | -21.9% |
| 2024 | -0.3% | +2.4% |
| 2025 | +0.4% | -13.1% |
| 2026 | -5.4% | +34.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHR and RVTY good diversifiers for each other?
Only partially. A correlation of 0.63 means DHR and RVTY 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 RVTY?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.69 over the last year and 0.69 over 5 years.
Is RVTY a good diversifier for DHR?
Only partially. A correlation of 0.63 means DHR and RVTY 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-rvty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dhr-vs-rvty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DHR correlations · RVTY correlations
