DVA vs LAMR: Correlation
How closely do DaVita (DVA) and Lamar Advertising Company (LAMR) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVA and LAMR?
Across a 3-year window, the weekly returns of DVA and LAMR correlate at 0.40, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.40 over 3. Stretching to 5 years gives 0.35, with an annualized covariance of 409.0 %².
By 3-year correlation, LAMR places #8 of the 38 assets tracked against DVA. Over the last 12 months DVA came out ahead by 6.0 percentage points (+30.0% against +24.0%). One caveat on sizing: DVA is 1.7 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.
DVA vs LAMR: side by side
| DVA (DaVita) | LAMR (Lamar Advertising Company) | |
|---|---|---|
| 1-year return | +30.0% | +24.0% |
| 5-year return | +36.4% | +68.6% |
| Volatility (ann.) | 40.9% | 24.7% |
| Beta vs S&P 500 | 0.38 | 0.90 |
| Max drawdown (3Y) | -41.4% | -23.9% |
| Market cap | $11.4B | $15.3B |
| P/E (trailing) | 15.3 | 27.5 |
| Dividend yield | 0.00% | 4.15% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DVA | LAMR |
|---|---|---|
| 2022 | -34.4% | -18.0% |
| 2023 | +40.3% | +18.6% |
| 2024 | +42.8% | +20.0% |
| 2025 | -24.0% | +9.7% |
| 2026 | +57.5% | +21.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVA and LAMR good diversifiers for each other?
Reasonably. At 0.40, DVA and LAMR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DVA and LAMR?
As of 2026-08-27, the correlation of weekly returns between DVA and LAMR is 0.40 over 3 years, 0.44 over 1 year and 0.35 over 5 years.
Is LAMR a good diversifier for DVA?
Reasonably. At 0.40, DVA and LAMR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/dva-vs-lamr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dva-vs-lamr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DVA correlations · LAMR correlations
