DVA vs RLJ: Correlation
How closely do DaVita (DVA) and RLJ Lodging Trust (RLJ) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVA and RLJ?
Across a 3-year window, the weekly returns of DVA and RLJ correlate at 0.39, moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.39). Stretching to 5 years gives 0.34, with an annualized covariance of 434.7 %².
By 3-year correlation, RLJ places #11 of the 38 assets tracked against DVA. Correlation aside, the last 12 months split them widely, with RLJ ahead by 26.8 points (+30.0% versus +56.8%). Note the risk asymmetry: DVA runs 1.5 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 RLJ: side by side
| DVA (DaVita) | RLJ (RLJ Lodging Trust) | |
|---|---|---|
| 1-year return | +30.0% | +56.8% |
| 5-year return | +36.4% | -2.6% |
| Volatility (ann.) | 40.9% | 27.0% |
| Beta vs S&P 500 | 0.38 | 0.76 |
| Max drawdown (3Y) | -41.4% | -44.2% |
| Market cap | $11.4B | $1.7B |
| P/E (trailing) | 15.3 | 1138.0 |
| Dividend yield | 0.00% | 5.24% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | DVA | RLJ |
|---|---|---|
| 2022 | -34.4% | -23.1% |
| 2023 | +40.3% | +14.6% |
| 2024 | +42.8% | -8.4% |
| 2025 | -24.0% | -21.0% |
| 2026 | +57.5% | +57.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVA and RLJ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DVA and RLJ?
The DVA/RLJ correlation stands at 0.39 on a 3-year window (1 year: 0.54, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is RLJ a good diversifier for DVA?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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-rlj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dva-vs-rlj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DVA correlations · RLJ correlations
