DVA vs ENSC: Correlation
DaVita (DVA) and Ensysce Biosciences, Inc. (ENSC) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVA and ENSC?
On 3 years of weekly data the DVA/ENSC correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.25). The 5-year figure is -0.04, and annualized covariance runs at -1547.0 %².
Within DVA's tracked universe of 38 assets, ENSC comes in at #31 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DVA outperformed by 110.8 percentage points (+30.0% for DVA against -80.8% for ENSC). Note the risk asymmetry: ENSC runs 3.7 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.
DVA vs ENSC: side by side
| DVA (DaVita) | ENSC (Ensysce Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +30.0% | -80.8% |
| 5-year return | +36.4% | -100.0% |
| Volatility (ann.) | 40.9% | 150.3% |
| Beta vs S&P 500 | 0.38 | 2.11 |
| Max drawdown (3Y) | -41.4% | -99.1% |
| Market cap | $11.4B | – |
| P/E (trailing) | 15.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DVA | ENSC |
|---|---|---|
| 2022 | -34.4% | -99.2% |
| 2023 | +40.3% | -88.2% |
| 2024 | +42.8% | -48.8% |
| 2025 | -24.0% | -88.7% |
| 2026 | +57.5% | -56.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVA and ENSC good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DVA and ENSC?
As of 2026-08-27, the correlation of weekly returns between DVA and ENSC is -0.25 over 3 years, -0.43 over 1 year and -0.04 over 5 years.
Is ENSC a good diversifier for DVA?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 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/dva-vs-ensc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dva-vs-ensc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DVA correlations · ENSC correlations
