DLX vs USPH: Correlation
Measured on weekly returns over the past three years, Deluxe Corporation (DLX) and U.S. Physical Therapy, Inc. (USPH) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLX and USPH?
Over the past 3 years, DLX and USPH moved with a correlation of 0.55, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.55 over 3 years. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 736.1 %².
Among the 20 assets we track against DLX, USPH ranks #7 by 3-year correlation. The last year tells two different stories: DLX led by 29.4 percentage points, +25.3% for DLX against -4.1% for USPH.
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.
DLX vs USPH: side by side
| DLX (Deluxe Corporation) | USPH (U.S. Physical Therapy, Inc.) | |
|---|---|---|
| 1-year return | +25.3% | -4.1% |
| 5-year return | -19.3% | -25.3% |
| Volatility (ann.) | 39.8% | 33.7% |
| Beta vs S&P 500 | 1.08 | 0.84 |
| Max drawdown (3Y) | -40.9% | -45.4% |
| Market cap | $1.1B | $1.2B |
| P/E (trailing) | 10.8 | 465.3 |
| Dividend yield | 5.08% | 2.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DLX | USPH |
|---|---|---|
| 2022 | -44.4% | -13.7% |
| 2023 | +34.9% | +17.0% |
| 2024 | +11.3% | -3.0% |
| 2025 | +5.6% | -9.9% |
| 2026 | +9.5% | +3.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLX and USPH good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DLX and USPH?
The DLX/USPH correlation stands at 0.55 on a 3-year window (1 year: 0.24, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is USPH a good diversifier for DLX?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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/dlx-vs-usph.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dlx-vs-usph/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DLX correlations · USPH correlations
