DVA vs MIDD: Correlation
How closely do DaVita (DVA) and The Middleby Corporation (MIDD) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVA and MIDD?
On 3 years of weekly data the DVA/MIDD correlation comes out at 0.44, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.44 over 3. The 5-year figure is 0.33, and annualized covariance runs at 653.6 %².
MIDD is one of the assets that tracks DVA most closely: it ranks #2 out of the 38 assets we track against DVA. Their recent paths diverged sharply: over the last 12 months DVA outperformed by 27.5 percentage points (+30.0% for DVA against +2.5% for MIDD).
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 MIDD: side by side
| DVA (DaVita) | MIDD (The Middleby Corporation) | |
|---|---|---|
| 1-year return | +30.0% | +2.5% |
| 5-year return | +36.4% | -24.2% |
| Volatility (ann.) | 40.9% | 36.0% |
| Beta vs S&P 500 | 0.38 | 1.04 |
| Max drawdown (3Y) | -41.4% | -35.4% |
| Market cap | $11.4B | $5.1B |
| P/E (trailing) | 15.3 | 17.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DVA | MIDD |
|---|---|---|
| 2022 | -34.4% | -31.9% |
| 2023 | +40.3% | +9.9% |
| 2024 | +42.8% | -8.0% |
| 2025 | -24.0% | +9.8% |
| 2026 | +57.5% | -5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVA and MIDD good diversifiers for each other?
Reasonably. At 0.44, DVA and MIDD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DVA and MIDD?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.48 over the last year and 0.33 over 5 years.
Is MIDD a good diversifier for DVA?
Reasonably. At 0.44, DVA and MIDD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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.
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Related comparisons
Hubs: DVA correlations · MIDD correlations
