DVA vs MOB: Correlation
How closely do DaVita (DVA) and Mobilicom Limited (MOB) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVA and MOB?
Across a 3-year window, the weekly returns of DVA and MOB correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.23 over 3. Stretching to 5 years gives -0.18, with an annualized covariance of -890.4 %².
Within DVA's tracked universe of 38 assets, MOB comes in at #27 by 3-year correlation. The last year tells two different stories: DVA led by 32.6 percentage points, +30.0% for DVA against -2.6% for MOB. Risk is not evenly split, since MOB carries 2.3 times the volatility of the other side.
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 MOB: side by side
| DVA (DaVita) | MOB (Mobilicom Limited) | |
|---|---|---|
| 1-year return | +30.0% | -2.6% |
| 5-year return | +36.4% | n/a |
| Volatility (ann.) | 40.9% | 95.6% |
| Beta vs S&P 500 | 0.38 | 1.42 |
| Max drawdown (3Y) | -41.4% | -69.7% |
| Market cap | $11.4B | $0.1B |
| P/E (trailing) | 15.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DVA | MOB |
|---|---|---|
| 2022 | -34.4% | – |
| 2023 | +40.3% | +100.0% |
| 2024 | +42.8% | +96.4% |
| 2025 | -24.0% | +60.1% |
| 2026 | +57.5% | -6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVA and MOB good diversifiers for each other?
Yes. With a correlation of -0.23, DVA and MOB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DVA and MOB?
The DVA/MOB correlation stands at -0.23 on a 3-year window (1 year: -0.22, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is MOB a good diversifier for DVA?
Yes. With a correlation of -0.23, DVA and MOB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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-mob.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dva-vs-mob/)
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Related comparisons
Hubs: DVA correlations · MOB correlations
