DLO vs RDNT: Correlation
DLocal Limited - Class A (DLO) and RadNet, Inc. (RDNT) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLO and RDNT?
On 3 years of weekly data the DLO/RDNT correlation comes out at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. The 5-year figure is 0.30, and annualized covariance runs at 991.6 %².
Among the 11 assets we track against DLO, RDNT ranks #5 by 3-year correlation. Twelve-month performance is nearly a tie, at +6.3% for DLO and +5.7% for RDNT.
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.
DLO vs RDNT: side by side
| DLO (DLocal Limited - Class A) | RDNT (RadNet, Inc.) | |
|---|---|---|
| 1-year return | +6.3% | +5.7% |
| 5-year return | -74.1% | +146.0% |
| Volatility (ann.) | 55.6% | 42.6% |
| Beta vs S&P 500 | 1.22 | 1.29 |
| Max drawdown (3Y) | -68.6% | -46.8% |
| Market cap | $4.5B | $5.9B |
| P/E (trailing) | 22.6 | – |
| Dividend yield | 1.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DLO | RDNT |
|---|---|---|
| 2022 | -56.4% | -37.5% |
| 2023 | +13.6% | +84.7% |
| 2024 | -36.3% | +100.9% |
| 2025 | +31.7% | +2.2% |
| 2026 | +8.9% | +5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLO and RDNT good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DLO and RDNT?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.33 over the last year and 0.30 over 5 years.
Is RDNT a good diversifier for DLO?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DLO correlations · RDNT correlations
