DVA vs MTX: Correlation
Measured on weekly returns over the past three years, DaVita (DVA) and Minerals Technologies Inc. (MTX) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVA and MTX?
On 3 years of weekly data the DVA/MTX correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 506.1 %².
By 3-year correlation, MTX places #5 of the 38 assets tracked against DVA. Correlation aside, the last 12 months split them widely, with DVA ahead by 18.0 points (+30.0% versus +12.0%).
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 MTX: side by side
| DVA (DaVita) | MTX (Minerals Technologies Inc.) | |
|---|---|---|
| 1-year return | +30.0% | +12.0% |
| 5-year return | +36.4% | -6.2% |
| Volatility (ann.) | 40.9% | 30.4% |
| Beta vs S&P 500 | 0.38 | 0.90 |
| Max drawdown (3Y) | -41.4% | -42.5% |
| Market cap | $11.4B | $2.3B |
| P/E (trailing) | 15.3 | – |
| Dividend yield | 0.00% | 0.65% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DVA | MTX |
|---|---|---|
| 2022 | -34.4% | -16.7% |
| 2023 | +40.3% | +18.0% |
| 2024 | +42.8% | +7.4% |
| 2025 | -24.0% | -19.4% |
| 2026 | +57.5% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVA and MTX good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DVA and MTX?
As of 2026-08-27, the correlation of weekly returns between DVA and MTX is 0.41 over 3 years, 0.44 over 1 year and 0.35 over 5 years.
Is MTX a good diversifier for DVA?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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-mtx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dva-vs-mtx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DVA correlations · MTX correlations
