DVA vs MAMO: Correlation
Measured on weekly returns over the past three years, DaVita (DVA) and Massimo Group (MAMO) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVA and MAMO?
Across a 3-year window, the weekly returns of DVA and MAMO correlate at -0.31, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.40 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1089.4 %².
Out of 38 assets tracked against DVA, MAMO lands near the bottom at #38. Their recent paths diverged sharply: over the last 12 months DVA outperformed by 96.1 percentage points (+30.0% for DVA against -66.1% for MAMO). Note the risk asymmetry: MAMO runs 2.1 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 MAMO: side by side
| DVA (DaVita) | MAMO (Massimo Group) | |
|---|---|---|
| 1-year return | +30.0% | -66.1% |
| 5-year return | +36.4% | n/a |
| Volatility (ann.) | 40.9% | 87.3% |
| Beta vs S&P 500 | 0.38 | 0.53 |
| Max drawdown (3Y) | -41.4% | -83.6% |
| Market cap | $11.4B | – |
| P/E (trailing) | 15.3 | 10.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DVA | MAMO |
|---|---|---|
| 2022 | -34.4% | – |
| 2023 | +40.3% | – |
| 2024 | +42.8% | – |
| 2025 | -24.0% | +54.9% |
| 2026 | +57.5% | -74.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVA and MAMO good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DVA and MAMO?
As of 2026-08-27, the correlation of weekly returns between DVA and MAMO is -0.31 over 3 years, -0.40 over 1 year and n/a over 5 years.
Is MAMO a good diversifier for DVA?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
A reading of -0.31 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-mamo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dva-vs-mamo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DVA correlations · MAMO correlations
