DVA vs PNTG: Correlation
Measured on weekly returns over the past three years, DaVita (DVA) and The Pennant Group, Inc. (PNTG) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVA and PNTG?
On 3 years of weekly data the DVA/PNTG correlation comes out at 0.38, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.38 over 3 years. The 5-year figure is 0.22, and annualized covariance runs at 534.1 %².
Within DVA's tracked universe of 38 assets, PNTG comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PNTG outperformed by 24.4 percentage points (+30.0% for DVA against +54.4% for PNTG).
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 PNTG: side by side
| DVA (DaVita) | PNTG (The Pennant Group, Inc.) | |
|---|---|---|
| 1-year return | +30.0% | +54.4% |
| 5-year return | +36.4% | +30.0% |
| Volatility (ann.) | 40.9% | 34.4% |
| Beta vs S&P 500 | 0.38 | 0.71 |
| Max drawdown (3Y) | -41.4% | -40.2% |
| Market cap | $11.4B | $1.3B |
| P/E (trailing) | 15.3 | 42.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DVA | PNTG |
|---|---|---|
| 2022 | -34.4% | -52.4% |
| 2023 | +40.3% | +26.8% |
| 2024 | +42.8% | +90.5% |
| 2025 | -24.0% | +6.1% |
| 2026 | +57.5% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVA and PNTG good diversifiers for each other?
Reasonably. At 0.38, DVA and PNTG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DVA and PNTG?
As of 2026-08-27, the correlation of weekly returns between DVA and PNTG is 0.38 over 3 years, 0.56 over 1 year and 0.22 over 5 years.
Is PNTG a good diversifier for DVA?
Reasonably. At 0.38, DVA and PNTG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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-pntg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dva-vs-pntg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DVA correlations · PNTG correlations
