DHR vs SOLV: Correlation
Measured on weekly returns over the past three years, Danaher Corporation (DHR) and Solventum (SOLV) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHR and SOLV?
Over the past 3 years, DHR and SOLV moved with a correlation of 0.39, which is moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 359.0 %².
Within DHR's tracked universe of 49 assets, SOLV comes in at #34 by 3-year correlation. The last year tells two different stories: SOLV led by 18.7 percentage points, +6.0% for DHR against +24.7% for SOLV. The rolling one-year correlation moved between 0.27 and 0.55 over the past three years, a moderate range.
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 SOLV: side by side
| DHR (Danaher Corporation) | SOLV (Solventum) | |
|---|---|---|
| 1-year return | +6.0% | +24.7% |
| 5-year return | -23.8% | n/a |
| Volatility (ann.) | 29.5% | 30.4% |
| Beta vs S&P 500 | 0.82 | 0.62 |
| Max drawdown (3Y) | -41.7% | -40.0% |
| Market cap | $151.6B | $15.5B |
| P/E (trailing) | 38.4 | 11.2 |
| Dividend yield | 0.67% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | DHR | SOLV |
|---|---|---|
| 2022 | -19.0% | – |
| 2023 | -1.2% | – |
| 2024 | -0.3% | – |
| 2025 | +0.4% | +20.0% |
| 2026 | -5.4% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHR and SOLV good diversifiers for each other?
Reasonably. At 0.39, DHR and SOLV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DHR and SOLV?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.42 over the last year and n/a over 5 years.
Is SOLV a good diversifier for DHR?
Reasonably. At 0.39, DHR and SOLV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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-solv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dhr-vs-solv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DHR correlations · SOLV correlations
