DHX vs LIVN: Correlation
Measured on weekly returns over the past three years, DHI Group, Inc. (DHX) and LivaNova PLC (LIVN) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHX and LIVN?
Across a 3-year window, the weekly returns of DHX and LIVN correlate at 0.36, moderate. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.36). Stretching to 5 years gives 0.33, with an annualized covariance of 989.2 %².
Few assets follow DHX as closely as LIVN, which ranks #3 of 10 tracked partners. The trailing year gives DHX the advantage: +51.9% versus +41.7%, a 10.2-point spread. Note the risk asymmetry: DHX runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DHX vs LIVN: side by side
| DHX (DHI Group, Inc.) | LIVN (LivaNova PLC) | |
|---|---|---|
| 1-year return | +51.9% | +41.7% |
| 5-year return | -1.7% | -2.9% |
| Volatility (ann.) | 67.6% | 40.6% |
| Beta vs S&P 500 | 0.82 | 0.98 |
| Max drawdown (3Y) | -68.6% | -47.2% |
| Market cap | $0.2B | $4.4B |
| P/E (trailing) | 136.7 | 23.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DHX | LIVN |
|---|---|---|
| 2022 | -15.2% | -36.5% |
| 2023 | -51.0% | -6.8% |
| 2024 | -31.7% | -10.5% |
| 2025 | -12.4% | +32.9% |
| 2026 | +164.5% | +30.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHX and LIVN good diversifiers for each other?
Reasonably. At 0.36, DHX and LIVN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DHX and LIVN?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.54 over the last year and 0.33 over 5 years.
Is LIVN a good diversifier for DHX?
Reasonably. At 0.36, DHX and LIVN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/dhx-vs-livn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dhx-vs-livn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DHX correlations · LIVN correlations
