DHR vs ZKIN: Correlation
How closely do Danaher Corporation (DHR) and ZK International Group Co., Ltd (ZKIN) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHR and ZKIN?
Across a 3-year window, the weekly returns of DHR and ZKIN correlate at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.15 lands near the 3-year figure. Stretching to 5 years gives -0.13, with an annualized covariance of -1727.5 %².
Among the 49 assets we track against DHR, ZKIN ranks #44 by 3-year correlation. The last year tells two different stories: DHR led by 47.6 percentage points, +6.0% for DHR against -41.6% for ZKIN. One caveat on sizing: ZKIN is 10.1 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 ZKIN: side by side
| DHR (Danaher Corporation) | ZKIN (ZK International Group Co., Ltd) | |
|---|---|---|
| 1-year return | +6.0% | -41.6% |
| 5-year return | -23.8% | -68.9% |
| Volatility (ann.) | 29.5% | 296.5% |
| Beta vs S&P 500 | 0.82 | -1.03 |
| Max drawdown (3Y) | -41.7% | -74.7% |
| Market cap | $151.6B | $0.1B |
| P/E (trailing) | 38.4 | – |
| Dividend yield | 0.67% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DHR | ZKIN |
|---|---|---|
| 2022 | -19.0% | -70.6% |
| 2023 | -1.2% | +140.2% |
| 2024 | -0.3% | -38.8% |
| 2025 | +0.4% | +150.0% |
| 2026 | -5.4% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHR and ZKIN good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between DHR and ZKIN?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.15 over the last year and -0.13 over 5 years.
Is ZKIN a good diversifier for DHR?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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-zkin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dhr-vs-zkin/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DHR correlations · ZKIN correlations
